The ReCheck team wins at the Odyssey Momentum event. Competing with more than 100 international teams, ReCheck’s developers managed to propose a winning solution for the Opening Up Real Estate track. In fact, the challenge owners were looking for a solution that aims to facilitate the collection and distribution of real estate data through a Unique Object Identifier. The challenge itself was defined by the Dutch Kadaster, FIBREE, and the Dutch Ministry of the Interior and Kingdom Relations.
What is Momentum?
Odyssey Momentum is a 49-hour online event that fosters collaboration to solve 21 challenges. Momentum took place on November 13-15, 2020, when 105 selected teams from all over the world had to co-create new solutions to complex challenges aligned with the United Nation’s sustainable development goals.
The challenges of Momentum were contributed by corporations, governments, and nonprofits from the US, France, Germany, Sweden, and the Netherlands. Some of the stakeholders involved were KLM Cargo, the Dutch National Police, the International Union for Conservation of Nature, E.On, VMware, and the Dutch Ministry of Defence.
2,000 participants worked to solve challenges that have a global societal and economic impact, and cover domains such as energy transition, conscious cities, logistics, public safety, real estate, healthcare, and digital identity.
Opening Up Real Estate
Currently, there is a lack of a standard connector to identify buildings and parts of buildings. The data landscape of the building industry is currently being fragmented, siloed, and ineffective. There is an increasing need for trusted, comprehensive, and real-time data. According to challenge contributors, data is easily lost, must be copied by hand, and not readily available. All that s leading to high costs for risk management and failure costs of €5 billion per year in the Netherlands alone.
Government and society also lose, as urban planning does not work with a broad data field. A 21st-century national data infrastructure should ensure frictionless data sharing across organizations, the public or the private sector.
ReCheck’s Role at the Opening Up Real Estate Track
As a participating team in the challenge “Opening Up Real Estate”, ReCheck developed a prototype for generating the Unique Object Identifier (UOI). The team managed to prove and validate the viability and the practical application of the UOI protocol in real-world use cases. Particular tasks and activities included defining the structure of UOI (relations in a graph database), creating a search engine for the UOI, updating the UOI, the preview of updated UOI data, establishing a historical overview and access control.