In Japan, one of many greatest residence builders is making preparations for its contracts on sure rental properties to go on the blockchain.In lin
In Japan, one of many greatest residence builders is making preparations for its contracts on sure rental properties to go on the blockchain.
In line with an announcement posted to the corporate’s web site on June 8, Sekisui Home mentioned that it might use blockchain for rental housing contracts, together with overlaying electrical energy and fuel. The measures will probably be applied earlier than March 2021.
Customers staying in “Shamaison” rental properties will have the ability to register their cellphone numbers and addresses to enter the property with out ever contacting an actual property agent. Current know-how makes it potential for Sekisui Home purchasers to open and shut doorways with simply their smartphones.
Transferring in direction of one-stop leases
House builders in different nations have been pushing property rental contracts to be registered on the blockchain. Cointelegraph reported in June 2019 that regulators in Malta have been requiring contracts be registered on a blockchain to guard them from tampering and guarantee licensed entry.
In July 2019, Japanese blockchain firm bitFlyer Blockchain introduced they’d partnered with the Sumitomo Company to launch an actual property enterprise powered by good contracts on its in-house Miyabi blockchain.
Sekisui Home began constructing an actual property data administration system utilizing blockchain in collaboration with KDDI and Hitachi in 2017. The corporate is a member of Nexchain, a consortium of corporations sharing data together with that on blockchain know-how.
Hisashi Oki of Cointelegraph Japan contributed to this text.