teclet joins Coadjute’s blockchain network for the property market

By Joy Dumasia

Coadjute, the blockchain network for the UK property market that aims to transform the ease and speed of home purchasing, announced that teclet would also be joining the network. teclet is a market-leading, modular suite of innovative, consumer-facing portals and platforms covering CRM, sales, lettings, property management and client accounting. 

Coadjute is a blockchain network that enables the existing software used by estate agents, conveyancers, mortgage brokers and lenders to become interoperable, allowing the parties involved in a property transaction to synchronise and share progress updates, property information digital identities and even payments. 

The network aims to create a seamless journey with improved security for all parties, transforming the experience for buyers and sellers, reducing administration costs and cutting the time it takes to move house. 

Steve Dawkins, Chief Relationship Officer at Coadjute, said: “By connecting the teclet suite of platforms to other parties in the property market, Coadjute will deliver to estate agents an accelerated process with significantly less admin. Our encrypted network will enable them to securely share information with ease and provide even greater transparency and efficiency for their customers. We are extremely proud to welcome teclet to the rapidly expanding Coadjute community.” 

Alan Blockley, teclet CEO, commented: “Coadjute will deliver an invaluable service to busy estate agents through helping to automate the transactional journey. Working with ‘best in class’ partner suppliers is a key part of our strategy as we look to help more sales, letting agents and property managers increase revenue, save time, improve service and remain compliant. By joining the Coadjute network, teclet will be able to further innovate and enhance the services it offers.”

IBS Intelligence reported that Coadjute, the real-time network that connects the property market, has announced plans to enable retail banks in the UK to issue a mortgage stablecoin on their network, working in partnership with global technology firm R3.