News and Announcements
beNEXT, the Smart Legal Contracts platform, successfully launched trials with real estate industry participants across Australia and the US
- Published August 25, 2021 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
beNEXT’s SmartLegal platform integrates Smart Legal Contracts with commerce and business. They have uniquely combined a carefully crafted product experience and powerful smart legal contract, blockchain technology.
To start with, beNEXT has focussed on the property industry. In just a few months beNEXT has built strong momentum working with property professionals:
- Promising trial with the Barry Plant real estate franchise group – beNEXT has extended and expanded a paid product trial with a number of franchise offices, ahead of a broader rollout in coming months.
- An exciting partnership with a prominent, Australia wide law firm – This innovative collaboration, will have beNEXT deliver branded property contract IP through their platform, facilitating real estate transactions nationally.
- Deal signed with a U.S. property lender – beNEXT has signed a ‘discovery phase’ deal with an innovative U.S. firm, Urban Gate Capital. The goal is to use the SmartLegal platform to support contracting processes for mortgages in the U.S. This includes automating financial transactions, using digital currencies.
- Next steps: working with more real estate franchise groups and conveyancers – beNEXT is in discussions with real estate agency groups and conveyancing businesses, to create a seamless connection between real estate agents, vendors, conveyancers and buyers through the SmartLegal platform.
About beNEXT
beNEXT uses Smart Legal Contract technology to solve real problems for people and businesses, starting with the property industry.
Agreements have been around for millennia. Signed in blood, sealed with wax, printed on paper or emailed via PDF. Now contracts are software, simplifying the connections between people, the information that is exchanged and the commerce that flows.
beNEXT has developed a multi-party smart contracts platform that simplifies workflows in an easy to use app.
Early on, beNEXT identified property transactions, with their long chains of activity and many people involved, as broken. So, they signed a channel partnership with the Real Estate Institute of Victoria, replacing all the traditional leasing and sales PDF forms used by +4,000 member agents. The secure solution makes it all transparent, speeding up the process and minimises errors.
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