Alibaba’s Ant Financial is working with China Construction Bank and online real estate agency Lianjia to launch a blockchain-based apartment rental platform in China’s Xiongan New Area. The platform will record individuals’ rental histories, enabling the local government to introduce a scoring system for tenants to ensure fair housing allocation, according to local media. Due to unsystematic record keeping, issues such as fake rental information, illegal real estate agents and mistrusts between tenants and landlords are common in the Chinese …

China Launches Blockchain-based Apartment Rental Platform appeared first on China Money Network.