How the Blockchain can help you find accommodation

I’ve been looking for an apartment in Berlin for almost a month – without success so far. On the relevant real estate portals one usually comes across the same real estate agents or housing associations. Then it occurred to me that one or the other blockchain solution might be helpful.

These locks are connected to the Bitcoin loophole

The broker’s Bitcoin loophole function is usually limited to unlocking the apartment door and distributing forms for tenant self-disclosure. However, even this has become too much for some estate agents. The demand on the Berlin housing market has risen so strongly that keys for viewing apartments can be collected by deposit from the agent’s office. So the broker can remain sitting comfortably in its office, while the potential tenants look at the dwelling alone. Read more about it:

It is not possible to reserve the keys, which means that you drive to the office of the housing agency on your own good luck, then from there to the rented apartment and then back to the agency to return the keys and get your deposit back.

In short: It takes good nerves and a lot of time if you “only” have an average monthly income and want to avoid living in the periphery or the unattractive high-rise housing estates.

Why the news spy can help you find an apartment

In this context I had to think of the Blockchain-Startup at my apartment odyssey. Among other things, the the news spy startup is working on developing intelligent locks that are controlled via Smart Contracts like this:

The project primarily addresses the Sharing Economy (e.g. AirBnb), so that everything that can be closed can also be rented out or passed on to others for use – without an agent or landlord having to be on site with the keys.

Although the classic apartment search is not a variant of the Sharing Economy, the principle that a lock must be unlocked is the same. It would also not be necessary to replace the whole lock, as an attachment would be sufficient to serve as an interface for the digital lock (so it would still be possible to use conventional physical keys).

Through electronic data exchange, a digital signature could then be sent to the prospective tenant – securely and transparently via the Ethereum block chain to prevent misuse.

Of course, a registration or verification of the prospective tenant would have to be made beforehand in order to record the digital ID.