The year of 2018 marks a historic starting point for the extensive applications of blockchain technology. And business cases benefiting this technology are set to take hold of a bigger market share.
i-house.com (IHT) has signed a strategic cooperative deal with Yoiju, a Chinese property transaction platform focusing on Japanese property market. Under the framework, clients are able to use BTC/IHT to transact properties in Japan, and i-house.com (IHT) will take part in Yoiju’s major businesses in the country, responsible for assets splitting and managing.
Yoiju, established in 2015, is a leading Chinese property company focusing on overseas businesses of real estate purchasing and investment. It is committed to providing cozy and comfortable homes around the globe for all its clients. And the services center around non-standard accommodations, which is designed to help create sustainable economic returns for its customers. Yoiju also provides a whole gamut of flexible property financial products, through which people can invest in overseas properties safely and conveniently.
IHT is one of the most trending blockchain projects on the market. Within days after its initial issuing, the company completed its subscriptions with an amount eight times higher than that of its original plan. As a matter of fact, the IHT is a type of technology for smart contract and distributed ledgers, which is developed by i-house.com to split real estate. It absorbs all the features possessed by blockchain technology, like tamper-proof, transparency of information and traceability. With smart contract mechanism, it’s able to split large properties and allocate them to financial institutions. As a result, it allows customers to invest in properties with small-amount of capital, and make huge economic gains. Therefore, it ensures safety of investment and make it happen in a low-risk way.
“Yoiju chooses to go with the tide by cooperating with IHT to carry out blockchain properties transactions. And the Japanese government’s recognition of bitcoins helps increase the market demands,” explained by Joey Dai, founder and CEO of Yoiju. “The company started its business in Japan where property rentals and transactions having been thriving since long time ago. Its business practices cover major cities like Tokyo, Osaka, Kyodo and Okinawa among others. And the company is able to help clients screen out premium properties and assist them in applying for loans, decorating houses as well as renting, among other customized property services,” Dai continued.
“Since its establishment, IHT has been focusing on businesses of assets splitting and management, and is now ready to get potential policy supports from the government so as to tap further into the property transaction market. Its partnership with Yoiju helps speed up the implementation of its businesses. Japan, as a popular tourist destination, has fostered a unique property market with high return rates. The market is fitted for IHT’s business growth. Besides, the property field is what the IHT excels at,” Wu Youping, founder of IHT, responded.
Yoiju has gained much popularity among Chinese investors, ranging from Beijing, Shanghai, Guangzhou to Chengdu. Its burgeoning sale performance makes it outstanding among its peers in Japan. As of June, 2017, the company had transacted nearly 300 houses and put more than 130 houses under its rental trusteeship, with an occupancy rate hitting 90%.
“Clients can get involved by using BTC/IHT currency which is designed solely for transacting Japanese properties. As it supports Yoiju’s business in Japan, IHT is able to split and manage Yoiju’s properties there. This platform has already become operational now, but the launching of new products and promotions will not start until after the Chinese Spring Festival, around mid-February, 2018.” Joey Dai explained.
Besides its blockchain property initiatives in Japan and Australia, IHT has started its business in southeast Asian countries like Thailand, Malaysia, and Cambodia. Mr. Wu Youping, founder of the IHT, noted that besides Asia, it will extend its business scope to America, Australia and some European countries during the period of 2018-2019.
Mr. Wu also emphasized that despite a positive outlook of growth, the company will make relevant adjustments of its businesses based on local conditions of countries involved, and will embark on a rapid grow pattern once after favorable policies become available. Wu added that for the time being, users in China and America still can not take part in its businesses, and moreover, they have to pass kyc examinations by financial institutions.
The development of blockchain technology has now benefited various businesses and industries across the world, and will prompt a thriving growth of applications and demands in the property industry. As a pioneer of blockchain property transaction, IHT will work together with Yoiju and other industrial pioneers, and bring about huge values to the property market.