Tech Bureau offers mijin® to power Japan’s premier real estate hub, LIFULL HOME’S.
Japan’s #1 real estate website※ chooses the mijin blockchain for centralizing real estate information and perfecting a one-stop solution for customers.
Tokyo, Japan – August 8th, 2017: LIFULL Co., Ltd. and Tech Bureau today announced that Japan’s #1 real estate website “LIFULL HOME’S” will collaborate on a proof of concept to utilize the mijin blockchain (a NEM protocol blockchain) as the backbone of its services. The blockchain experiment will aim to centralize real estate information, secure transaction data management and prove mijin’s ability to drastically cut development costs while expediting deployment of new website services.
LIFULL HOME’S website, www.homes.co.jp, is a comprehensive hub offering real estate and rental listings, renovation and repair services, investment property offerings, housing evaluation and moving services. Due to the expansive website categories, LIFULL HOME’S pages are updated, on average, 100,000,000 times a year.
By utilizing blockchain technology, LIFULL HOME’S will be able to organize and collocate scattered data sets and enhance HOME’S abilities to track listing changes, offer relevant housing evaluation data, catalog house histories, certify repair work and securely exchange data sets with business partners.
The proof of concept will be built on the mijin blockchain. Mijin is an ideal solution for companies to store and build out transaction records on a pure peer-to-peer private blockchain network that has no single point of failure and zero downtime. Secure encryption, user authentication and notarization of data are an ideal fit towards LIFULL HOME’S goal of connecting with local government entities to offer complete and certified real estate information.
The first stage will tackle scattered data sets that are typically collected only upon user request. By scraping advertisement history, repair and renovation ledgers, housing performance evaluations, and area information including empty homes into mijin, LIFULL HOME’S will centralize information on a single, sharable blockchain ledger and test fault tolerances in the website build-out.
Future stages of the LIFULL HOME’S mijin blockchain will involve the application programming interface functionality and ease of use as LIFULL business partners are invited into the blockchain. LIFULL will look to connect national and local government registers, tax ledgers and individual tax number systems into the blockchain with a view towards eliminating underutilization of real estate data.
※ According to a SANKEI Advertising Inc. survey, LIFULL HOME’S website has the largest total number of properties in all Japan as of January 26th, 2017.
About Tech Bureau, Corp.
Tech Bureau is a fintech and cryptocurrency company that develops software and services based on blockchain technology. Tech Bureau has developed mijin, a private blockchain software, and Zaif, a Bitcoin and cryptocurrency exchange platform.
Tech Bureau recently launched a one-stop solution “COMSA” that provides companies with consultation, expertise and solutions to support their very own ICOs and implement blockchain technology into their business practices.
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About NEM.io Foundation Ltd
NEM.io Foundation is a non-profit organization based in Singapore, set up to promote NEM’s blockchain technology globally. It is currently one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry. NEM’s blockchain protocol is currently being utilized in a variety of financial institutions and industries.
For more information, please visit: www.nem.io
Press contact NEM.io: NEM@transform.PR / +1-415-595-2030