Cambrian House is a very interesting idea - crowdsourced software. Their goal is to leverage the wisdom of crowds to both receive as well as filter business ideas, code and creative content.Ken Yarmosh, Jul 2006
Cambrian House began as a crowdsourcing community using a wisdom of crowds based approach to discover new business and technology ideas. These pages are being kept online as a technology demo to showcase Chaordix™.
Looking to harness the power of your crowd? Find out about Chaordix™ - technology that enables enterprises to get the most out of crowdsourcing.
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Real estate sales chain resolver
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The Idea
An independent website platform collating data from participants in real estate purchase/sale chains into a workflow process 'transaction management system' to enable quicker, more transparent completions.
The idea is to connect all of the interdependent buyers and sellers together in one 'grid'. This shows when everyone in the chain is ready to move house - with both a price agreed for the property that they want to buy, and a price agreed to sell their existing home to a purchaser. They'll need their legals, mortgage - or cash (!), insurance etctetc all arranged, and the purchase/sale contract drawn up, finalised and agreed. Once everyone in the chain signals (using the website platform as the communication 'grid'
that they are ready to go an electronic funds transfer process (already sourced) is activated to complete every transaction in the chain at the same time - guaranteing certainty.
Process initially intended for UK - but basic solution/premise is globally applicable
I thought of this idea when I was...
Financial markets trade in this manner all the time - "I'll buy your bonds/stock/oil/gold etctetc at price x, but only if I can sell my bonds/stock/oil/gold etctetc at price y. It's called spread, pairs or switch trading.
Infamous example is the slaughterhouse spread where you buy live hog futures and sell frozen pork belly futures at the same time.
In the old days of open outcry pit trading, it was verbal agreement that built up the potential for a chain of transactions 20, ior 30 deals long to be triggered by one person initiating a domino effect; hence the expression "My word is my bond". Nowadays it's software driven - but accomplishes the same process.
Bids and offers to buy abd sell are posted as dependent upon the ability to complete an opposite transaction - I'll sell this, only if I can buy that.
This is the problem that makes moving house difficult.
E-me for more information.
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