Anyone know about Voxtur’s joint venture with Cherre. Gary Yeoman as the leader of the Rebloc entity and why it doesn’t appear in the Voxtur Analytics Corporate structure anywhere? Anyone know what Rebloc legally is? This doesn’t feel like it is actually a Voxtur owned company. Strangely after spending $millions, it’s details have evaporated from Voxtur Financials. What’s up?
https://www.rebloc.io/
Nov 28 2018 MD&A ILA F18 Q3 MDA FINAL In the second quarter of 2018, a significant increase in expenditures to support the development of a platform to facilitate a real estate data marketplace (the “ReBloc Platform”) and related infrastructure commenced. Such expenses primarily include (i) legal fees with respect to development of an appropriate corporate structure and supporting contractual agreements related to the ReBloc Platform; (ii) consulting fees with respect to development of the ReBloc Platform; and (iii) human resource related costs to support product development. These expenses totaled approximately $426,000 and $676,000 for the three month and nine months ended September 30, 2018, respectively, and have been included as non-operating and/or non-recurring items in the calculation of Adjusted EBITDA (see the “Adjusted EBITDA” section herein).
from SEDAR : May 5th 2019 iLookabout Corp Audited Revised An nual Information for year end 2018
Rebloc Platform: In the second quarter of 2018, the Company commenced a joint initiative with Cherre Inc. for the research and development of a decentralized real estate data validation marketplace enabled by innovative technology to be built on three main components: (i) an independent data validation layer that provides buyers with a data quality confidence regardless of the source of the data; (ii) state of the art privacy mechanism to give providers of data confidence that their data will not be exposed to other data providers or the general public; and (iii) a data indexing protocol to prevent the need for data to be uploaded to a central repository. The ReBloc platform is expected to be utilized by public and private real property data holders including, but not limited to, data aggregators, lenders, insurance companies, asset managers, software companies and real property owners. The ReBloc platform is in the early stages of development.
In April 2018, the Company entered into a consulting agreement with Cherre Inc., the developer of an inter-connected market platform that provides residential real estate data to investors and brokerage firms. Under this initiative, Cherre has been engaged as a consultant of iLOOKABOUT to work collaboratively in the development of the ReBloc platform, a real estate data validation marketplace.
In October 2018, the Company announced that it had made a $1,000,000 USD investment in Cherre Inc., the consulting company that iLOOKABOUT is working with in the development of the ReBloc platform, a real estate data validation marketplace
From press release April 2012 2018 SEDAR
iLOOKABOUT Announces Joint Venture with Cherre
TORONTO, April 12, 2018 – iLOOKABOUT Corp. (TSXV:ILA) (“iLOOKABOUT” or “the Company”) today announced the signing
of a consulting agreement (the ”Consulting Agreement”) with Cherre, Inc., (“Cherre”) developer of an inter-connected market
platform that provides residential real estate data to investors and brokerage firms.
“Real estate is by far the world’s largest asset class in value, but has yet to meaningfully adapt to modern information
exchange standards and trading platforms, resulting in limited accessibility, and disparate, contradictory data,” said Gary
Yeoman, Chief Executive Officer of iLOOKABOUT. “Working with Cherre’s technological expertise – combined with its
proprietary machine-learning application programming interface (API) – will allow us to build the blockchain infrastructure that
will democratize real estate data across North America, and capitalize on the demand for secure, integrated and accurate
property information.”
“This collaboration represents an important next step in the future of real estate, as we work to create a decentralized
marketplace that enables all stakeholders to seamlessly transact in the market, ushering in a new era of data integrity and
usage opportunities,” said Chief Executive Officer of Cherre, L.D. Salmanson. “iLOOKABOUT’s management team brings the
necessary depth of insight and experience to lead the real estate industry in the development of a vital and vibrant ecosystem
that will fundamentally change the way we consume and exchange information across both commercial and residential
markets. We look forward to working together on this transformative initiative that will act as a catalyst for value creation –
empowering property owners and industry professionals to participate in and benefit from improved data access, enhanced
surety and security, greater efficiencies and lower costs.”
The joint venture is effective immediately. iLOOKABOUT, while undertaking the blockchain initiative, will continue to provide its
software, data analytics and visual intelligence services to its clients in the property assessment, property taxation, municipal,
insurance and appraisal sectors.
Cherre has been engaged as a consultant of iLOOKABOUT to work collaboratively in the development of the joint blockchain
initiative. Under the terms of the Consulting Agreement, Cherre will receive a fixed monthly fee as well as 1,000,000 stock
options, such options having an exercise price of $0.30 and vesting on mutually agreed upon milestones. The Agreement also
contains certain participation rights of each of the parties should the joint initiative result in an initial coin offering, with
iLOOKABOUT retaining 70% ownership of such an initiative.
About iLOOKABOUT
iLOOKABOUT is a software, data analytics and visual intelligence company focused on real property. The Company primarily
serves the property assessment, property taxation, municipal, insurance, and appraisal sectors, both public and private, in
North America. iLOOKABOUT provides powerful data analytics to the real estate industry through its Real Property Tax
Analytics software offering. The Company’s proprietary StreetScape™ imagery and real property focused web-based
application, GeoViewPort™, unifies property related data and enables desktop review of properties. iLOOKABOUT has
integrated analytics and workflow management applications into GeoViewPort™ which create highly valued service offerings
for its clients. To augment its technology-based offerings, the Company provides real estate consulting services, with a focus
on the Property Tax and Valuation sectors.
iLOOKABOUT’s common shares are traded on the TSX Venture Exchange under the symbol ILA.
About Cherre, Inc.
With offices in New York, Boston and Tel Aviv, Cherre is the data network for real estate. Led by a dedicated team of
technology and real estate experts, Cherre is committed to empowering all stakeholders with an inter-connected data-driven
platform. As the leading provider of residential real estate data, trusted by the world’s foremost investors, banks, insurance
companies, and brokerage firms, Cherre’s proprietary platform allows customers to quickly access, verify and augment
existing public and private data feeds to gain unparalleled insight and comprehensive coverage of millions of properties.
Cherre’s data is constantly updated by observing and learning from countless user interactions, making it the most accurate
and reliable real estate data source. Cherre is privately owned, and its investors include large real estate private equity firms
and family offices.