Japanese Housing Giant to Begin Blockchain-powered Home Rentals

Tyler Hromadka

Source: Adobe/sezerozger.

Sekisui House, Japan’s most significant housebuilder, states it will release a blockchain-powered home leasing platform for its Sher Maison variety– and might enable tenants to sign agreements and pay energy expenses utilizing blockchain-based options straight from their mobile phones.

Per Cnet Japan, Sekisui House states that the platform will be a “one-stop service” that consists of leasing property evaluation services, agreement treatments and billing for electrical energy, insurance coverage and gas. The business states it will utilize blockchain technology options from Nexchain, a blockchain consortium whose members consist of Japanese business heavyweights such as Hitachi and the Kansai Electric Power Co

Sekisui House and Nexchain state they hope the platform will be functional within the existing financial year (FY2020).

The platform, states the business, will enable renters to produce accounts and enable them to pay expenses without the need to register with specific power, energy and insurance coverage companies in advance– possibly conserving tenants from lengthy documentation whenever they move house.

House-hunters can likewise utilize the platform to book seeing visit times, and the platform will likewise include a “smart key”– which permits renters to open their front doors utilizing their mobile phones.

Japanese legal and market guidelines need that renters show their identity to energy companies, rental firms and more– typically requiring to submit paper files. The business states that the blockchain platform will enable renters to rather utilize a single, blockchain-powered identity service.

The business in 2015 moved into the British market with a handle the federal government-run Residence England and Urban Splash rewards. Per an official UK federal government release, the relocation will see the Japanese home contractor “deliver thousands of new homes across England.”

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