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A solution using Distributed Ledger Technology (DLT) to help financial institutions and surveyors digitize and streamline the processes of asset valuation, and also simplify the complexity of end-to-end workflows of the asset valuation and management industry.
Topaz is a property valuation and management platform, which makes use of the Blockchain technology and R3’s Corda infrastructure and smart contracts to provide a transparent, traceable, while privacy-preserving platform for financial institutions and surveyors to negotiate valuation related terms and prepare legally binding reports digitally.
The platform can also be naturally extended to cover the entire end-to-end workflows of property management such as the sales and purchase agreement documents, property information from land registry, mortgage related documents, title deeds, and also be applied to other luxury assets.
By digitizing the workflows, all market participants including banks, lenders, solicitors, surveyors, and government agencies can communicate and negotiate on a single platform, streamlining report initiation to delivery, and eliminate costs through smart contracts and automated business processes.
Mortgage and financing risks can be more transparent through Mortgage Alerts, our DLT, peer-to-peer, and privacy-aware notification service for the subsequent mortgage of properties.
Data stored on Topaz are encrypted to ensure the security of sensitive information and communications between different stakeholders. Topaz platform has end-to-end encryption, which safeguard fine-grained access of sensitive information such as sales contracts, credit reports, and valuation reports to be restricted to specified users.
