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/ 


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
South Korean Mobile Service Provider Unveils Blockchain OS
Union Mobile, a major mobile service provider in South Korea, has recently unveiled its blockchain o...

September 22, 2019

UK, US Top List of Most Crypto Exchanges by Country followed by Hong Kong and Singapore
Blockchain analytics platform Crystal has revealed a breakdown of the countries with the most regist...

September 22, 2019

Thai Oil Major PTT to Create Renewable Energy Blockchain Platform
Thai energy giant PTT has partnered with Energy Web Foundation to launch a blockchain-based platform...

September 22, 2019

Five Privacy Coins to be Delisted at OKEx South Korea
The South Korean branch of OKEx has announced it will be delisting privacy coins including Dash and ...

September 21, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us