Greenbriar Capital Corp. (GRB:TSX.V; GEBRF:OTC) announced in a news release that subsidiary RealBlock Ltd.'s RealBloq.io platform is now live and collecting revenue with branches of two title companies, Title Security and Landmark Title.
The technology, addressing the problem of wire fraud, provides a secure platform to communicate wire instructions between buyers, sellers and other stakeholders related to closing real estate transactions.
"As wire fraud incidents continue to escalate, the need to secure the exchange of documents and communications between buyers, sellers, and others involved in real estate transactions are more crucial than ever. It's often the biggest financial transaction of their lives, and we want to do everything we can to ensure it works as it should. RealBloq is the new standard of care in the title industry," Title Security CEO Tommy Sullivan said in the release.
RealBlock aims to reach 720,000 transactions, amounting to $168 million in revenue, by February 2020.
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