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Reimagining real estate transactions

Leveraging the Cardano blockchain to create digital twins of real-world property

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The real estate sector faces significant challenges in ensuring the security and integrity of property transactions.

Traditional systems, reliant on paper-based processes and centralized databases, are increasingly vulnerable to fraud, data breaches, and inefficiencies.

For instance, paper records can be easily forged, leading to fraudulent claims. Moreover, centralized databases are prime targets for hackers, risking significant data breaches, while manual processes slow down operations and increase errors.


In 2021 alone, the FBI reported over $350 million in losses due to real estate scams exploiting these vulnerabilities. A 2023 Identity Theft Resource Center study also showed that real estate companies are prime targets for data breaches—jeopardizing sensitive client information and financial assets.

Challenge
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Data breach risk
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Fraud vulnerability
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Limited transparency
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$350 million in losses
Solution

Reimagining real estate transactions using enterprise blockchain

Tokenance, a blockchain and AI software developer, partnered with YurekAI, an AI-powered real estate platform, to deliver RE-TWIN on the Cardano blockchain. By creating comprehensive digital twins of real-world property, the platform offers easy access to architectural designs, floor plans, location details, property features, images, and historical records. RE-TWIN further simplifies the user experience by managing blockchain transaction fees and digital twin storage automatically—eliminating the need for cryptocurrency or wallets in platform interactions.

The Cardano blockchain offers robust features to ensure the scalability, security, and accessibility of digital real estate objects.

Streamlining property transactions with blockchain

Agencies, developers, investors, and enthusiasts can use tokenization to generate verifiable real estate objects.

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Information transfer

01.

Users upload property details to YurekAI using the RE-TWIN feature.

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Property digitization

02.

RE-TWIN generates a digital twin of the property following platform authorization.

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Data encryption

03.

The digital twin is encrypted and recorded on the Cardano blockchain.

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Immutable record

04.

Users receive the digital twin as a secure and immutable record of the property details.

Simplifying property transactions worldwide

01.
Agency access
Providing immutable property records to over 40,000 real estate agencies across the U.S. and Europe.
02.
Developer service
Maintaining platform access for more than 500 property developers.
03.
Cost reduction
Streamlining property transactions by automating tasks and minimizing paperwork.
04.
Data security
Delivering immutable property records using tamper-proof digital twins.
05.
Client relationships
Fostering trust and transparency through verifiable real estate transactions.

"The integration of Tokenance and YurekAI technologies creates a new and comprehensive, 360-degree, real estate offering to the public, enhancing the industry’s digital landscape. The partnership with the Cardano Foundation is a no-brainer, thanks to the Cardano blockchain’s ease of use, compelling value for money, ability to scale, and lowest energy consumption intensity, which resonates with the values of our organizations. We are ready to take this proposition global, as users and real estate agencies based anywhere can now trade securely and transparently."

Fulvio Magni and Diego De Maio
CEOs at Tokenance and YurekAI

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