# Leobit Blockchain-based Real Estate Platform

> 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.

**Sector:** Tertiary sector · **Industry:** Housing associations · **Organisation:** Leobit und ein nicht genanntes Immobilienunternehmen · **Maturity level:** Production

Canonical URL: https://www.sapientblock.com/en/use-cases/leobit-wohnungen-digital-kaufen-verkaufen

## 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.

## Benefits

- Real estate companies demonstrably achieve higher revenues through more efficient processes and improved customer satisfaction.
- End customers benefit from reduced transaction costs and more transparent real estate information.
- 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.
- Employees can focus on value-adding advisory activities as administrative tasks are automated.

## Challenges

- Companies must invest in IT infrastructure and blockchain expertise, which requires high initial investments.
- Building a blockchain platform from scratch requires significant technical expertise and resources.
- Integration with existing real estate databases and systems presents complex technical challenges.
- 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.

## Sources

- [Blockchain-based Real Estate Platform - Leobit](https://leobit.com/projects/blockchain-based-real-estate-platform/)