Leobit Blockchain-based Real Estate Platform
Sector: Tertiary sector · Industry: Housing associations · Organisation: Leobit und ein nicht genanntes Immobilienunternehmen · Maturity level: Production
Leobit developed a blockchain-based real estate platform for an American real estate agency to address transparency and security issues in traditional property transactions. The platform replaces paper-based processes with a secure, transparent, and automated solution enabling direct interactions between buyers and sellers. The project achieved a 20% revenue increase for the partner company, which closed over $20 million in sales in 2021.
Documentation status
- Project status: Production
- Evidence: Evidence medium
- Editorial review: Ufuk Avci, 15 April 2026
Description
Leobit is a Ukrainian software development company that developed a blockchain-based real estate transaction platform as a reference project and published it as a case study on its website.
The Leobit platform addresses the traditional home buying process with its many intermediaries: agents, notaries, banks, land registry offices. Blockchain approach: the buyer enters into a smart contract that holds the purchase price in escrow; the seller transfers the ownership token to the buyer's wallet; upon ownership confirmation, the smart contract releases the purchase payment — this eliminates counterparty risk without a physical notary. Technical stack of the Leobit platform: Ethereum blockchain for smart contracts and token standards; IPFS for decentralized document storage (purchase contracts, land registry extracts); Web3 frontend for buyers and sellers. Leobit published the project as a showcase of their blockchain development expertise at leobit.com/projects. Context: In international comparison, Propy (Ukraine 2017, 100M USD expansion 2025), RealT (Detroit, tokenised real estate from 50 USD) and Lofty AI (Algorand) represent commercial development stages of the same concept.
Perspectives
B2B — organisations perspective
Real estate companies and platform operators can build blockchain-secured home purchase platforms with the Leobit approach — smart contract escrow, token ownership transfer, fewer intermediaries.
B2C — consumers perspective
Homebuyers can carry out ownership transfers digitally and securely through blockchain-based platforms — no physical notary appointment, smart contract protects the purchase price until ownership confirmation.
Employees perspective
Employees in real estate companies benefit from automated administrative processes that reduce repetitive tasks and create more time for customer-focused activities. At the same time, they need to acquire new digital skills in handling blockchain technology.
Benefits
General
- The platform reduces transaction costs by eliminating intermediaries and automating process handling.
- Increased transparency and security through immutable blockchain data storage strengthens the trust of all parties involved.
- Automation of paper-based administrative processes increases efficiency and reduces human errors.
B2B — organisations
- Real estate companies demonstrably achieve higher revenues through more efficient processes and improved customer satisfaction.
B2C — consumers
- End customers benefit from reduced transaction costs and more transparent real estate information.
Employees
- Employees can focus on value-adding advisory activities as administrative tasks are automated.
Challenges
General
- Building a blockchain platform from scratch requires significant technical expertise and resources.
- Integration with existing real estate databases and systems presents complex technical challenges.
B2B — organisations
- Companies must invest in IT infrastructure and blockchain expertise, which requires high initial investments.
Employees
- Employees must learn new digital skills and shift their working methods from traditional to blockchain-based processes.
Technology foundation
The platform uses a hybrid decentralised architecture that combines blockchain technology with Microsoft Azure cloud services. This combination enables immutable and transparent storage of real estate data while ensuring scalability and performance through cloud integration.
Implementation examples
Blockchain real estate platform for Texas real estate agency
The company was looking for a solution to the lack of transparency and high intermediary costs in traditional real estate trading. Digitalisation aimed to reduce administrative costs and increase customer satisfaction.
An established American real estate agency implemented a complete blockchain platform to digitalise their real estate transactions.
The Texas-based real estate agency with over 200 employees and more than 60 years of market experience commissioned Leobit to develop a blockchain-based platform. The company wanted to eliminate paper-based processes and increase transparency for buyers and sellers. The implemented solution uses a hybrid decentralised architecture with Blockchain and Microsoft Azure Cloud Services.
20% revenue increase in the first year, sales exceeding 20 million USD in 2021
The platform solved problems with paper-based processes, lack of data transparency and high administrative costs. Additionally, dependence on intermediaries was reduced and direct buyer-seller interactions enabled.
Tags
Real estate, Transparency, Automation, Digitalisation, Transaction costs