Today bitFlyer and Sumitomo launched the pre-commercial version of their blockchain real estate rental contract solution, which they first announced in July 2019.
Typically when an apartment is rented, apart from the contract itself, there’s the need to deal with estate agents and real estate management companies. Then there are the details like finding a guarantor for the rent, arranging insurance, switching the registered names on the utility bills, and moving itself.
The solution from Sumitomo and bitFlyer brings all these parties together. For the renter, instead of paperwork, there’s a mobile app that includes the ability to apply to a guarantor and change the names on the electricity, gas, and telecoms bills.
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