Avanta Risk Management, a property technology company specializing in data acquisition, analytics and services for the real estate industry, announced today that it recently went live with resBlock 3.0.
This release completes the first phase of blockchain integration into the resBlock system, clients will be able to verify the authenticity of homeowners association (HOA) documents on the Factom blockchain.
The resBlock 3.0 production release includes enhancements and new functionality to improve clients’ online experience, further transparency efforts, and move the technology rapidly towards the future.
“This is the first step in a series of blockchain releases that will provide our industry a faster, safer way to verify key information and establish trust. We are excited to partner with Factom to bring blockchain technology to our data suppliers and clients. We will continue to explore the uses of blockchain with a goal to leverage cryptocurrencies and blockchain technology to record payment transactions and develop electronic audit trails creating real efficiencies and improving trust across the industry.”
– Kevin Brown, CEO of Avanta
Avanta’s proof of existence model allows partners to verify document timestamps and document integrity on the public Factom blockchain using Factom’s Harmony Connect. This privacy-preserving solution provides verifiability without revealing actual data or content, establishing additional trust in processing metrics and document authenticity.