AgentMile Smart Contract Ecosystem

Smart contracts have a vast potential to revolutionize the CRE industry. Here, at AgentMile, we have our vision of how to incorporate them into our blockchain-powered CRE leasing platform.
AgentMile will use the Ethereum blockchain as the distributed ledger to store all the smart contracts. These include:
- Multiple Listing Service Smart Contract;
- Property Leasing Smart Contract;
- future development of the Smart Contract ecosystem.
Let’s take a closer look at what each contract will do as part of the platform.
Multiple Listing Service Smart Contract
One of our priorities is to achieve the greatest possible data transparency on our platform. To reach this goal, we will develop property listings into a Smart Contract that will govern the MLS deployed on the Ethereum blockchain.
The most important aspect of this Smart Contract is that it will integrate and manage a comprehensive list of properties within AgentMile.
Another crucial feature delivered by the MLS Smart Contract is a full property history as well as records of any relationship with the other Smart Contracts. This data will encompass a résumé of the property information, ratings, reviews and comments from tenants/brokers providing an in-depth record of the entire property-related data.
Property Leasing Smart Contract
Our Property Leasing Smart Contract will be the driving force behind leasing contract governance. Our goal is to empower brokers, landlords and tenants to interact with each other in a more efficient, secure and faster manner throughout the property leasing life cycle.
The Smart Contract will detail terms of the lease contract, frequency, payment methods and lease rate. This information will be deployed onto the Ethereum blockchain to create an immutable ledger. The Property Leasing Smart Contract will also manage escrow payments, broker fees and security deposits among other things.
To create their own Property Leasing Smart Contracts, users will simply complete a questionnaire via the web or mobile app. AgentMile will automatically create and deploy the Smart Contract without the need for users to acquire any special skills.
Future development of the Smart Contract ecosystem
The MLS Smart Contract will contain all the property-related information but could also let users easily and securely create other Smart Contracts.
These new Smart Contracts are associated with the most common needs of the leasing life cycle, for example rental payments, repairs and maintenance requests, multi-signed agreements, escrow payments, etc. The newly generated Smart Contracts will be directly linked with the MLS Smart Contract, helping to have a complete and elaborate image of the history of each property.
Discover more about the next wave innovation in commercial real estate by visiting our website: https://www.agentmile.com
