C Estates Inc. Pioneers Tokenization Platform for Real Estate Transactions

Asia Blockchain Review
August 30, 2019

C Estates Inc is aiming to become a “revolutionary” leader of the real estate market in the Philippines using its blockchain-based tokenized platform to enable convenient transactions for the real estate sector. 

An Answer to Inefficient Real Estate Processes 

Teru Sumida, CEO of C Estates Inc, was quoted in a report by the Manila Bulletin saying the firm was inspired by the desire to replace the time-consuming real estate process in the Philippines. C Estates was developed as an alternative method for selling and purchasing real estate, with companies and investors expected to benefit from the platform.

Before heading C Estates, Sumida worked for property management and consulting company Capitarise Corporation in 2009. The firm handles Japan-Philippines cross-border transactions and offers services for retired foreign investors to acquire property in the Philippines, boasting over 2,500 properties sold through the program in just 5 years of its operation. 

Going Strong Amid Rising Blockchain Demand

According to Business World Online, SMEs in the Philippines have been investing more in digital innovations and slowly driving up local demand for blockchain technology. 

Ernst & Young Global Ltd released a report suggesting the Philippines is only second to Vietnam in terms of highest net positive score (NPS) among Southeast Asian nations in 2020, coming in at 93.3% compared to Vietnam’s rating of 94%. Meanwhile, other ASEAN countries have been rated at 86%. 

Among modern technologies, tokenization and blockchain have emerged as key investment points for SMEs in ASEAN countries. Through the use of C Estates, businesses can ensure the best selections for buyers from different property owners without the need for physical contact. 

Source: https://en.businesstimes.cn/ 


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