Peer - to - peer property platform Agent Not Needed has sold its first property and will use blockchain to negotiate . The company helps buyers arrange viewing and negotiate offers then hands deals to an outside legal conveyor to complete the process . The platform created its own token , the Agent Not transaction token , and financed itself with a $ 500,000 initial token offering . However , all deals are completed in sterling . The transaction is close to conventional property deals but blockchain and smart contracts are planned . Co - founder Petros ##ky said the platform intends to use blockchain technology to make property transactions faster , cheaper and more secure .
Peer-to-peer property platform Agent Not Needed has sold its first property and will use blockchain to expand. The company helps buyers arrange viewing and negotiate offers then hands deals to an outside legal conveyor to complete the process. The platform uses its own cryptocurrency, the Agent Not Needed token, and financed itself with a $500,000 initial token offering. However, all deals are completed in sterling. The process is close to conventional property deals but blockchain and smart contracts are planned. Co-founder Petros Georgiou said the platform wanted to use blockchain technology to make property transactions faster, cheaper and more secure.