October 20, 2021
Real Estate

Blockchain-based system for real estate launches in India

Although the stance of the Indian government on digital currency adoption is still not clear, there have been innovations with blockchain technology in non-financial sectors in the country.

Local fintech firm RealX launched in 2020, but had to temporarily stop operations due to the COVID-19 pandemic. They run a platform for fractional ownership of properties and have made it available to the public. Recently, the company partnered with Tripvillas, a vacation home rental service, to mix ownership of vacation properties in accordance with usage and yield. Tripvillas will also be responsible for managing the basket of vacation properties supposed for co-investment on the RealX platform.

The RealX blockchain-based platform enables Indian investors to buy and sell “direct deeded co-ownership” vacation homes. Investors can invest in high-yield, high-return properties with a…

Read full article here: coingeek.com