The research institute Binance China Blockchain Institute, a part of Binance cryptocurrency infrastructure provider, announced a partnership with a real estate company Xinyuan Group. As part of this agreement, the companies will introduce blockchain technologies to the real estate market.
Binance China Blockchain Institute is collaborating with the Xinyuan Community to accelerate the digital transformation of the real economy in many projects, such as science, technology growth, talent creation and incubation, just to name a few.
Using vast expertise of Binance in developing the Binance ecosystem's blockchain platform and services along with Xinyuan's extensive background in real estate, both businesses aimed at discovering how blockchain technology could relate to properties.
We are thrilled to partner with Xinyuan Group, one of the most progressive real estate firms in fueling the development of blockchain technology and bringing forward innovative products, services and business models Mai Lu, Asia-Pacific VP at Binance
Xinyuan Group does not stand by and launches a decentralized real estate investment platform, UPRETS. This platform can help attract private investment, which will help speed up the formatting of the regulated online market. The platform will be able to assist in digitizing the objects of real estate and transfer the registry to the blockchain.
The CEO of the Binance cryptocurrency exchange made a conventional comment on this partnership.