EDRA (CEO Kwak Jun-kyu) has partnered up with a consulting company specializing in real estate and is planning to develop project financing (PF) and Smart Escrow services based on blockchain technology.
EDRA signed MOUs (Memorandum of Understanding) with KJ Global System (CEO Yang Jae-woo) and a real estate investment consulting company called A+ DNI (CEO Kim Yong-soon) regarding development of real estate finance and investment services based on blockchain technology.
These three companies are going to develop real estate financial business platform and services based on blockchain technology, develop FinTech technology, and commercialize Smart Escrow service with higher security and safety.
“Through this partnership, we are going to lead public PF based on blockchain technology and decentralize real estate industry so that small investments can take place.” said a representative for EDRA. “We are going to develop blockchain-based real estate investment business and service.”
On the other hand, EDRA developed EDRA Coin and South Korea’s first logic distributive blockchain mobile platform and recently listed EDRA Coin on Coin25ex. It is planning to release EDRA Phone (tentative name) equipped with EDRA platform during the second half of this year.
Staff Reporter Gil, Jaeshik | osolgil@etnews.com