A new Chinese home rental platform could make life easier for agents, tenants and landlords with the use of its facial recognition technology.
E-commerce giant Alibaba Group along with its financial subsidiary Ant Financial Services Group has teamed up with Hangzhou Housing Security and Real Estate Management Bureau to build a smart housing rental, supervision and service platform to list rentals owned by the state, developers and individuals.
Employees at Alibaba in Shenzhen already use facial recognition technology to enter their office building instead of swiping ID cards and the the new platform, to be developed by the trio, will adopt a similar strategy with its home rental portal.
The platform will use real-name authentication and face recognition to verify the identity of agents, landlords and tenants, who can use their computers or mobile devices to sign contracts and pay rent, deposits and commissions on the Hangzhou's housing bureau website.
Alibaba’s Big Data, online transactions and evaluation system will combine with Ant Financial’s online payment and Sesame Credit system to fully cover rental agreements, a representative for the Hangzhou bureau said. The city will introduce ‘credit housing rentals’ across the city based on the platform; with available property, tenants, landlords and agents in the city all detailed on the system.