YurekAI, an AI-powered platform that facilitates search and exchange between real estate agencies and users, and Tokenance, a blockchain and AI boutique software house, both based out of Lugano, are proud to announce a commercial and technological partnership to offer real estate agencies, buyers, and sellers an innovative and user-friendly feature that is able to tokenize all relevant documentation and specifications of any property on blockchain via a digital twin.
The token, or digital twin, is recorded on a public registry and encrypted, and it captures in a safe and immutable fashion all the details of a real estate transaction. The process uses world-known and best-in-class blockchain Cardano, with which the two Swiss start-ups have started a collaboration and uses a crypto and wallet free approach that allows anyone to complete the operation from the YurekAI platform in seconds, in a seamless way, receiving the digital twin directly in their email inbox. Blockchain works behind the scenes, with the technology being invisible to the user, as it should be for any world-class experience.
The innovative technological tool, called RE-Twin and created by the Tokenance Team, is now available to all agencies using the YurekAI platform, as an additional service, to be offered to buyers and sellers, to protect their properties and all details around legal documentation, features, and specs.
The introduction of blockchain into real estate brings an additional layer of trust to any deal, elevating reach for agencies, buyers, and sellers to a whole new dimension, let alone the opportunity to play in the global market, which needs transparency and security.
Fulvio Magni and Diego De Maio, CEOs at Tokenance and YurekAI, state: “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 their ease of use, compelling value for money, ability to scale and lowest energy consumption intensity, which resonate with the values of our organizations. We are ready to take this proposition globally, as users and real estate agencies based anywhere can now trade in full security and transparency.”
CEO of the Cardano Foundation Frederik Gregaard adds: “A modern world requires modern solutions to our most common transactions; this innovative approach from YurekAI and Tokenance showcases how blockchain can underpin those essential transactions in a rapid, affordable, and seamless manner. The Cardano Foundation is pleased to support the introduction of RE-Twin and looks forward to this new future of real estate transacting.”
With a network of over 1,800 agencies, the YurekAI platform has experienced rapid growth over five years and has recently expanded into the US. The new feature is especially designed to boost the strategic plan for international expansion, with AI and blockchain becoming the enablers of personalized and protected transactions across regions and continents.
