Zweispace Founder talks on blockchain and its influence on the real estate industry

January 5, 2020
Share this Post: 

Blockchain technology is doing nothing but sweeping the globe with its financial systems and secure chains that can be utilized in any industry, especially the real estate sector. Founder of Zweispace, Hayato Kameta, has only praise for the tech and how its changing the real estate industry for the better.

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.

Read more here

Join us February 26-27 for the Property Portal Watch Conference Bangkok 2020.

Bkk2020 Banner 949

Read more

January 5, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More

Editor's Pick