Ruden Holdings, a Japanese real estate company has built a cryptocurrency settlement platform for real estate transactions. The firm is testing the platform using BTX and smart contracts for property sales.
The trial was conducted in collaboration with Blockchain Global Limited (BGL). Ruden detailed:
For the settlement of bitcoins (BTC) used in the property sale, Bitflyer’s web service and API functions were used.
The company described about Trails:
As soon as Ruden (system) confirms the remittance of the virtual currency, we will execute the contract and [convert the] virtual currency to Japanese yen. In addition, a notarized sale [and] purchase agreement is promptly shared with [the] buyer and seller.