Proptech 2.0 emerged in 2013 to address the needs of small businesses and brokers that were more complex than those of consumers. Start-ups like Propstack, a Commercial Property Intelligence platform based in India, provided tools that improved decision-making and business processes. The growing availability of tech talent enabled start-ups to employ more advanced technology such as Data and Analytics or Virtual Reality (VR), while using a pay-to-use or Software as a Service (SaaS) business model. This technology in the property industry can effectively eliminate paper contracts and simplify the conveyancing process, saving thousands of dollars in fees and time in complexities. PropTech 2.0 utilised existing technology concepts of the sharing economy, including FinTech, real estate, contracts, data analytics, smart building and smart homes.