Northeast Asian Real Estate Blockchain Projects in Development

Asia Blockchain Review
October 4, 2019
Northeast Asian Real Estate Blockchain Projects in Development

Northeast Asia has seen many blockchain-based real estate projects of late, with major companies and groups such as Sony listed among the participants. However, most of the initiatives revolve around pilot projects still in the trial and development stages. 

SK Group and Kasa Korea Developing Blockchain-Based Ownership Platform

SK Securities, a subsidiary of the SK Group, and Kasa Korea recently signed an MOU for a joint venture focusing on creating a blockchain platform that will enable the issuing and trading of fractional ownership in property assets, according to a report from Yonhap News.

Kasa Korea was listed among the first group of 18 companies chosen by South Korea’s Financial Service Commission, the country’s key financial regulator, to participate in the regulatory sandbox aimed at testing the application of new innovations.

Real Estate Companies Turning to Blockchain 

In early September, JJL Japan announced its partnerships with many companies to develop a digital platform that would facilitate recording and management of real estate data. The purpose of the pilot project was to test the potential of blockchain in centralizing income and expense data related to real estate property management.

SRE AI, a company that operates under Sony, announced it would participate in an initiative led by Sumitomo Mitsui Trust Bank, in a bid to develop a blockchain-powered solution that will streamline real estate transactions. 

Reported on September 24, Tsubai Space, a Japan-based real estate blockchain company, and Shinonome Advisors, a real estate company specializing in law and tax, also joined together to develop digitized tokens for the real estate industry. The two firms said more details about the project would be officially published in October.

Source: https://www.coindesk.com/ 


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
    A China Perspective Exclusively From Bloomberg (Part 1)
    Asia Blockchain Review recently had the privilege to catch up with Miss Chang Shu, Chief Asia Econom...

    July 6, 2020

    Mambu’s APAC MD Lays It All Out
    Asia Blockchain Review had recently talked to Myles Bertrand, the APAC Managing Director for Mambu, ...

    July 5, 2020

    IBM Z and Cybersecurity: The New Normal
    The usual suspects in the hacking circles are still doing their thing, and wreaking havoc on public ...

    July 5, 2020

    Freddy Lee Talks About IBM Z
    These days, clients of all sizes are examining their hybrid IT environments, looking for flexibility...

    July 4, 2020

    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