The tourism sector has always been a lucrative industry, attracting real estate developers and investors. IHT will connect asset 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 then be distributed to several financial institutions. Using blockchain technology allows users to invest in a more secure environment and yield stable returns at the same time.
Ricky Ng, CEO and founder of IHT said
“The combination of blockchain technology with traditional real estate proves that the blockchain has shifted from concept to reality. It encourages the tourism-based real estate industry to usher into a new frontier and brings benefits to traditional real estate owners and the industry.”
iResort Karuizawa 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 there.
A spokesperson for iResort Karuizawa said
“The launching of the ATO helps shorten the time spent on sourcing fundraising channels. Also, 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 overall 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, which utilizes blockchain’s intrinsic advantages such as trustless mechanism, anti-tamper, co-supervision and traceability.
IHT integrates global real estate markets with the blockchain mechanism. Through joining blockchain and real estate, the real estate developer, financial institutions and their users can be connected and the transaction of real estate can be made a part of “digital credit society”, therefore constituting a pivotal supporting part of the economic development. All owners and investors will become beneficiaries of i-house.com real estate blockchain.
IHT – Protocol-as-a-Service
IHT1.0 service is positioned as PaaS, Protocol-as-a-Service, which offers a standardized initialization and publication process for ATO ((Asset Tokenize Offering) to asset owners, acting as a neutral agent for asset owners and financial institutions so that both parties can search and make deals. Meanwhile, IHT will continue progressing to 2.0BaaS, Block Chain as a Service, and act as an asset segmentation and management platform for the construction of mobile information applications for financial institutions. Finally, IHT3.0 will evolve into a financial exchange based on physical assets to improve the liquidity of physical assets.
IHT Ecosystem
IHT Wallet
ATO (Asset Tokenize Offering) is the order of the asset party to launch a split. It is used to generate asset split and it is recorded on the kernel ledger of IHT. All property rights and usufruct rights of the transaction shall be conducted under the asset’s local fiat. IHT consumption in the wallet is only an inducement mechanism of ATO. IHT will not be used as the form of currency in the asset transactions. All of the transactions will be conducted under the asset’s local fiat.
How ATO process is completed?
When the property developer issue’s ATO, it is necessary to make clear of the specific circumstances of the property (such as real estate, address area, property right and other relevant conditions), the sale of real estate, whether share repurchase, in a certain period of time the subscription time and annual effective yield. After determining the share, before they can officially publish the ATO，the property developers need to use the IHT in the wallet to act as an inducement mechanism.
Underwriting ATO assets
After the financial institution has registered on the IHT underwriting platform, they can find the most suitable asset through screening and checking the classification of the asset. IHT will be used as an inducement mechanism on underwriting shares of ATO assets. The specific quantity of IHT depends on the complexity and terms of each ATO.
After the completion of underwriting, financial institutions can generate many sub-products from its original shares and release on its own platform and show it to users on the display portal of IHT.
Subscribing to shares of ATO
After the financial institution releases the sub-product on its own platform, users can subscribe through the sale portal, or subscribe on IHT platform which will skip to the sales page of the financial institution. The sub-product displayed on the IHT platform will be recommended according to the user’s personal interest and investment ability.
Profits
Investors can realize profits in the following manner
• Through transactions on the financial institution’s platform, users can obtain fiat profits from the real estate premium.
• Users can gain profits from the IHT premium by trading IHT in their wallets.
• When a real estate developer launches an ATO?the developer will confirm an annual yield of the corresponding property. The user will then receive the annualized profits of their purchased share by the way of fiat. The specific annual yield or interest rate will vary on depending on each project. All of the above will be recorded on the IHT kernel ledger.