IHT Launches Japan’s 1st ATO; Enters Tourism Real Estate Investment Market
In a recent move IHT partnered with iResort Karuizawa, in Japan’s Nagano region, and launched an ATO (Asset Tokenize Offering) on i-house.com. The move is expected to expand iResort Karuizawa’s fundraising channels and improve its management efficacy. This application has received a lot of interest ever since its inception and shows IHT’s progress in integrating blockchain technology with the tourism real estate industry.
The tourism sector has always been a lucrative industry attracting real estate developers and investors. IHT will connect assets holders with financial institutions by using its proprietary smart contract and distributed ledger technology. Using smart contracts allows for large real estate transactions to be split into smaller ones that can be distributed to several financial institutions. Using blockchain technology allows users to invest in a secure environment and yield stable returns as the same time.
“The combination of blockchain technology with traditional real estate proves that blockchain, as a new technology, has shifted from theories to practical usage,” said Ricky Ng, CEO and founder of IHT. “It prompts tourism-based real estate industry to usher into a new frontier and brings benefits to traditional real estate owners and the whole industry.”
The five-star resort is visited by more than 10 million tourists each year. The mild climate, abundance of sunshine, 108-hole golf course and award-winning restaurants are some of the reasons why the rich and famous, including Microsoft’s Bill Gates, choose to vacation here. “The launching of the ATO helps shorten the time spent on sourcing fundraising channels,” said a spokesperson for iResort Karuizawa. “Also, the blockchain technology allows us to record detailed and complex management data in a highly convenient way and ensures that each transaction is traceable, this will improve overal efficacy.”
About IHT
IHT, the world’s first real estate blockchain transaction cloud platform, is a smart contract technology and distributed accounting technology developed for splitting real estate under i-house.com, which utilizes blockchain’s intrinsic advantages such as trustless mechanism, anti-tamper, co-supervision and traceability. To learn more, visit IHTcoin.com, and follow us on Twitter, YouTube, and Facebook.
* Individuals in China and the U.S. cannot take part in the program, as ATO only works in regions and countries where the service is permitted by law.