Tosei will benefit from the application of Fantom’s Opera Chain to digitize and evolve its services from storing contracts to supply chain tracking
Fantom, the world’s first DAG-based smart contract platform for real-time cryptocurrency payments, has today announced a strategic partnership with award-winning real estate firm, Tosei. Managing approximately $5.5 billion USD in assets, Tosei will benefit from the application of Fantom’s Opera Chain to digitize and transform its services from the tracking of materials to the storing of property ownership contracts.
A long-standing leader in real estate, Tosei will connect Fantom with local businesses and corporations throughout Japan to introduce and accelerate the adoption of Fantom tokens across services such as real estate development, rental management, as well as funding and consulting services.
Fantom CEO Dr. Byung Ik Ahn said: “With cumbersome contract procedures, lengthy processing times, and concerns around transparency, there are many friction points within the construction and property industry. Blockchain, smart contracts, and DAG technology have the profound potential to ease and even address these challenges. The marriage between real estate and emerging technology is one of the strongest arguments for how decentralization is not only a disruptor but also an architect in building a framework for efficient ways of conducting end-to-end business.”
“A reputable presence in the real estate space, the partnership with Tosei exemplifies Fantom’s quest for meaningful uses of cryptocurrencies, tokens, and smart contracts in some of the most far-reaching industries. This partnership highlights our unified agenda of creating a more robust ecosystem as we present an easily accessible reality of blockchain – one that has been unmatched before now,” Dr. Ahn added.
Founded in 1950, Tosei Corporation heralds in a new era of real estate management with its commitment to monozukuri, the Japanese tradition of working with a true craftsman’s mindset. Today, the company has established five synergized business verticals under its portfolio including; Revitalization, Development, Rental Business Fund, and Consulting, as well as Property Management. Based in Japan, Tosei Corporation has been listed on the Tokyo Stock Exchange and the Singapore Exchange.
Commenting on the partnership, Tosei Corporation President and CEO Seiichiro Yamaguchi, added: “As we look to continuously improve and expand our service offerings, the need to innovate has become increasingly clear and adopting decentralized technology will help us achieve this goal. Our partnership with Fantom is a natural next step in accelerating each of our business verticals, allowing us to securely store contracts, track materials, and improve internal processes so that they are both efficient and cost-effective. We are excited to be collaborating with Fantom to help bring their next-generation technology to businesses and consumers throughout Japan and look forward to playing an active role in this technological revolution.”
In addition to the collaboration with Tosei, Fantom has recently announced a partnership with Danfoss, a multi-billion dollar corporation and a giant in the efficient energy and IoT infrastructure industry. As the leading manufacturer of products and services used in a variety of cases such as cooling food, air conditioning, and heating buildings, its strategic alliance with Fantom allows for the realization of smart and energy-efficient solutions in everyday life. Similarly, Fantom’s establishment of a direct partnership with Tosei Corporation will continue to scale the ecosystem in terms of implementation of the technology as network effects of the partnerships take place.
Based in South Korea, Fantom is the world’s first DAG-based smart contract platform that solves the scalability issue that has long plagued existing public distributed ledger technology. Built on Fantom’s OPERA Chain, the Fantom platform will replace existing payment methods and supply chain management infrastructures using a dApp that will handle hundreds of thousands of transactions per second across all industries, including food, telecommunications, finance, electricity, electronics, real estate, and autonomous vehicles, saving costs and providing transparency.
Founded in 1950, Tosei Corporation heralds in a new era of real estate management with its commitment to monozukuri, the Japanese tradition of working with a true craftsman’s mindset. Today, the Japanese company has established 5 synergized business verticals under its portfolio; including Revitalization Business, Development Business, Rental Business Fund and Consulting Business, as well as Property Management Business. Guided by its philosophy of creating new value and inspiration covering all aspects of real estate, the company aims to partner lifestyles through its strong lineup o