Deal-collaboration app Blimp has announced a partnership with Home Network Foundation, an organization using blockchain to decentralize the transaction.

Deal-collaboration app Blimp has announced a partnership with Home Network Foundation, an organization using blockchain to decentralize the transaction and make the value of data equitable for all stakeholders, from consumers to title companies, in a press release.

Blimp is available for iOS (iPhone) and Android mobile operating systems. The app leverages two-way communication to invite, chat and share critical deal information and documents with all parties, including ancillary service providers. It offers task management to drive interactivity and arrive at transaction milestones.

Agents can work with buyers to schedule showings in the app’s listing browser and discuss and share offers with sellers.

Users of Blimp earn a Home Network Foundation Home token every time they engage with Blimp service providers. Service providers — listing and buyer’s agents, title agents, mortgage officers, etc. — earn a token each time an invited stakeholder becomes part of a transaction.

Tokens offer each user a component of value in the deal, thus spreading value horizontally across the transaction field.

Consumers earn Home tokens by contributing information to the Foundation, such as financial goals, lifestyle needs, and any type of information required for pre-approval or validation of a sales lead, according to a white paper published by Home Network Foundation.

Those tokens are considered a form of “reward” for the personal data entered into the greater real estate industry. Sellers and homeowners can also earn tokens by identifying themselves as owners of a particular property.

Blockchain technology presents a unique opportunity to fundamentally restructure and redistribute the value involved in transactions, the press release stated.

Blimp’s CEO and co-founder Matt Shaw said his company wants to create a new marketplace for leads and referrals.

“We are enabling a seamless end-to-end digital experience where the consumer is in control and reaps a fair reward for providing data,” Shaw said. “By powering the network with Home Token, consumers and professionals alike accrue benefits and become stakeholders.”

Home Tokens for users of Blimp will be facilitated through the Ethereum protocol.

Email Craig Rowe

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×