News
Bank of China Joins Hong Kong Real Estate Blockchain Platform
Summary: According to thestandard.com, the real estate company New World Development Corporation and the Hong Kong Applied Science and Technology Research Institute (ASTRI) will jointly launch a blockchain platform for buyers, the Bank of China is the first bank users to participate. According to reports, the platform aims to replace paperwork through digital authorization, such as ...
According to thestandard.com, the real estate company New World Development Corporation and the Hong Kong Applied Science and Technology Research Institute (ASTRI) will jointly launch a blockchain platform for buyers, the Bank of China is the first bank users to participate. According to reports, the platform aims to replace paperwork through digital authorization, such as signing a temporary sale or purchase agreement or mortgage application. It is estimated that the integration of distributed ledger technology (DLT) into the organization's internal processes can help reduce the bank's operating costs by 15% to 60%, while the platform itself will expand the number of users.
Tags: Bank of China,Blockchain
Link: Bank of China Joins Hong Kong Real Estate Blockchain Platform [Copy]
