Monax, a leader in digital legal infrastructure, announced its Monax Platform is available for residential and commercial real estate firms. The Monax Platform enables users to leverage digital contracts to improve financial performance and lower transactional risk. It features ready-to-use tooling that allows firms to model, track and visualize their contractual obligations in a real-time, secure environment. The platform provides users with the ability to store digital records, connect business systems, and provide compliance via immutable audit trails as well as create reports.
“We believe the Monax Platform is extremely important for real estate firms, who often have a significant number of contracts and the need for increased transparency and compliance,” stated Casey Kuhlman, co-founder and CEO of Monax. “By decentralizing collaborations between parties, we are enabling increased performance and we look forward to helping companies simplify their processes and reduce costs.”
The Monax Platform allows users to dynamically automate the management of their contractual obligations. It also enables them to gain collaborative insight into the execution of the contractual relationship, including the distribution of responsibilities, in an environment that adapts to changing conditions within the digital contract. Users maintain visibility over risk when they are depending on the performance of obligations by other contractual parties, all without needing to understand code or programming.
The Monax Platform is built on The Agreements Network, a decentralized, open-source, universal, process-optimized blockchain, co-founded by Monax in 2018. By incorporating blockchain technology as a layer of communication between parties, the network increases efficiency and collaboration and streamlines processes. It is also a new vehicle for networked commerce.
