China to Launch Blockchain Based Platform for Property Rentals

Home / China to Launch Blockchain Based Platform for Property Rentals

Ant Financial and China Construction Bank, in cooperation with rental agency Lianjia, will launch a platform for property rentals based on blockchain technology. The service will hold a systematic record of citizen’s rental history, which will help government to introduce a points system for tenants to have an equitable distribution of housing. The blockchain technology will help to create decentralized system, in which all market participants will be able to share the information that cannot be amended or deleted.

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