3 months ago
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Parcl, an on-chain real estate synthetics platform, has partnered with Truflation, a leader in real-world asset indices and inflation data, to transform the accessibility and transparency of housing data on a global scale.
According to a shared press release, this collaboration aims to bridge the gap between traditional finance and the world of the decentralized finance (DeFi) economy, offering new opportunities for both investors and homeowners.
Advancing Real Estate Analytics
Parcl has been at the forefront of modernizing real estate investments, allowing users to trade the price movements of real estate markets worldwide. However, a major challenge in the industry has been the lack of comprehensive and real-time housing data, essential for accurate market analysis and property valuation.
To address this issue, the company is integrating its advanced housing data API into Truflation’s platform. This will enhance Truflation’s ability to provide users in the United States and the United Kingdom with detailed insights into home ownership and rental costs, enabling them to make more informed financial decisions.
The firm already uses its data division known as Parcl Labs to aggregate housing data from over 5,000 sources, covering everything from rental listings to sales activity. This extensive repository is indexed at the property level, providing users with a reliable, real-time source of housing market information.
Meanwhile, Truflation, backed by two prominent crypto companies Coinbase and Chainlink, has established itself as a trusted provider of transparent and accurate economic data. By incorporating Parcl’s data, the company will offer a more comprehensive view of the housing market, tracking crucial metrics such as house sales, median list prices, vacancy rates, and new listings.
“Truflation is a unique and trusted data infrastructure provider that continues to deliver real time insights on inflation used by many individuals and institutions around the world. We are excited about the potential to power more on and off-chain applications by leveraging Parcl Labs data,” said Parcl CEO, Trevor Bacon.
A Significant Milestone in Financial Transparency
Both companies view the partnership as a significant step toward democratizing financial information and increasing transparency in the real estate sector.
“Integrating Parcl’s real estate data into the Truflation ecosystem enhances our ability to provide accurate and actionable insights to our users. This collaboration represents a significant step forward in our mission to revolutionize real estate data access in DeFi,” said Stefan Rust, CEO of Truflation.
The deal is part of Parcl’s broader mission to make real estate investments more accessible and secure through blockchain technology.
The firm has already launched the world’s first real-time home price index marketplace to show its commitments to paving a new generation of housing applications, machine learning, and analytics.
Meanwhile, the integration of Parcl’s data with Truflation’s platform is expected to enhance global real estate market accessibility, driving increased financial inclusion and transparency worldwide.
