Kameta, Founder of blockchain-powered real estate platform, Zweispace, attended the CoinGeek Conference in Seoul where he spoke to Stephanie Towers about tokenization of property, among other topics.
Blockchain has been used extensively with virtual assets. However, it should also be applied to physical assets as well, Kameta believes. Zweispace is doing exactly this, using blockchain to secure property titles and leasing contracts on-chain. The platform also records earthquake information, which is a critical factor for the real estate industry in Japan where the company is based.
Zweispace offers a number of products for their clients, all of which capitalize on the immutable nature of the blockchain. One of the products is on-chain inheritance, Kameta explained.
One example is that we’ll start inheritance smart contracts so that elder people who have real estate can transfer the real estate, with the smart contract on top of the BSV blockchain.
There are over 7 million elderly people in Japan who need to transfer inheritance to their families. However, the lawyers and systems in place are insufficient. Zweispace will use smart contracts to automate the process, making it possible to transfer inheritance in real-time, for the first time ever.
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