Iranian Startup Team Develops Blockchain Technology in Real Estate Field
“Our target market for this project is the people who do not have enough capital to buy a property individually, but, with the help of this platform, which is a kind of intermediary, they can purchase a property,” Mehran Sedqi, a representative of the startup team active in the field of blockchain, told ANA.
“In fact, this plan is a web application or system that is used exclusively in the field of real estate by using blockchain technology,” he added.
“By using the system that we have designed, a shared document is concluded, and when a customer signs a contract with us, like other parts of blockchain technology, a number of tokens are assigned to him/her,” Sedqi explained.
In a relevant development in May, a hardware wallet was presented by an Iranian company which can be used to keep the keys of the blockchain field safely.
“In the past, we worked in the field of security and had the necessary expertise in the field of blockchain and hardware; therefore, by using our experiences in the past two years, we designed a hardware wallet,” Mahsa Qanbari, the production manager of the ‘Walleto’ hardware wallet, told ANA.
“This hardware wallet is actually a tool that can store the keys of the blockchain field in a completely safe and even offline way in its hardware which means that there is no possibility of any intrusion into this smart wallet and its security is guaranteed,” she added.
“During the development of the hardware wallet, we tried to present it with higher security in purchasing parts and selecting and developing communication programs, compared to the hardware wallets that exist in the world,” Qanbari said.
“We can claim that the security offered in the Walleto hardware wallet is not available in similar products,” she underlined.
Blockchain is a shared and immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.
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