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Blockchain Research Company Hacker Panda Explores Real Estate Application for Blockchain

Industry: Lifestyle

Security, stability appeal to real estate professionals and consumers alike

Kuala Lumpur, Malaysia (PRUnderground) August 6th, 2019

Over the past few months, “blockchain” has been the buzzword, taking center stage in industries including finance and healthcare as consumers begin to demand blockchain for its privacy and anonymity benefits. With blockchain, consumers can rest assured they are getting a decentralized platform that’s not controlled by any single person yet offers all the security benefits consumers expect.

Most recently, blockchain research company Hacker Panda highlighted a multinational corporation in the business of developing real estate, investing in cultural tourism, and running upmarket star-rated hotels registered ReamTech, an R&D firm, in Hong Kong. People from the firm have met with blockchain-based payment providers and digital asset managers from China and elsewhere to deploy a blockchain plus real estate model.

This flagship project seems to be situated situated in the Sihanoukville Port Special Economic Zone of Cambodia. As is known to all, since Cambodia opened up to the outside world and set up the Sihanoukville Port Special Economic Zone in 2017, the country has attracted a lot of domestic and foreign investors as well as tourist real estate companies. In the Sihanoukville Port, a number of comprehensive real estate corporations have emerged which aim to build world-class star-rated resort hotels, high-end residential buildings, and scenario-based interactive commercial complexes. Some of them will also combine cultural entertainment and marine tourism. At the moment, it is unclear which one or ones of them have an ambition for the blockchain technology plus digital assets and plan to set up a dedicated company.

Many blockchain + real estate concepts have been floated, all of them focused on the simplicity and transparency of transactions plus issues like the existence of intermediaries and investments in real estate. It is still unknown what research about the blockchain this real estate corporation will conduct. Can such a large corporation with the capabilities of accurate pre-judgments, a huge customer base, and adequate scenarios for implementation demonstrate the possibility of the blockchain empowering the real economy? That remains to be seen.

Among the companies and institutions that have been in contact with this real estate company are quite a few active players in the industry, including payment and settlement service providers. More information can be found at https://www.consensus-challenge.com/.

About Hacker Panda

Hacker Panda is committed to the research and development of the blockchain for use in various industries, including finance.

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