Another day, another blockchain project.
This time sources are reporting that Knotel & an office space rental service in Manhattan & has acquired 42Floors, a commercial real estate search engine in order to, according to founder Amol Sarva, get &access to data and technology on over 10 billion square feet of office space, driving further liquidity to Knotel marketplace while also accelerating its plans for a blockchain platform.The deal is not yet complete.Knotel is building the Agile HQ platform, a way to rent office space for a few hours or a few months without getting stuck in a lease.
The company has 1 million square feet of space in New York, San Francisco, London, and Berlin and it raised $100 million in funding.
The company claims it has more has more buildings in New York than WeWork.42Floors built a powerful tool to organize a dark market that hasn''t changed in a hundred years,& said Amol Sarva, CEO of Knotel.
&It still backroom and bilateral while the rest of the world is becoming digital and standardized.
This is what leads to transactions that take months to close with a dozen middlemen & no reliable information.
You can buy a house faster than you can rent a floor.
Partnering together will help give owners and customers what they both want: truth.The reported 42Floors acquisition enables the company to bring new properties onto its platform and could let non-blockchain-based contracts move to the blockchain.UPDATE & Text changed to reflect the type of business and ICO plans.