- The core competency of the blockchain technology implemented in this scenario is the development of an anti-counterfeit deposit e-certificates.
- There are two main types of real estate registration electronic certificates.
- The Beijing Real Estate Palm Registration Service Center App will replace the website method for applications for registration.
The Municipal Planning and Natural Resources Commission of Beijing has informed that the city has fully launched a new system based on blockchain technology for the real estate registration electronic certificate. To complement this launch, the Beijing Real Estate Palm Registration Service Center App also introduced.
The app provides a plethora of services, including the e-license collection, online booking, and so forth. The core competency of the blockchain technology implemented in this scenario is the development of an anti-counterfeit deposit e-certificates.
Providing strong irrevocable security and solid integrity to the certificates, all while maintaining file accessibility for previewing and downloading make the execution of this technology a game-changer for the real estate sector in Beijing.
During the application for the electronic certificate, the rights holder can choose to apply for a paper certificate, although both electronic or paper forms hold equal legal value.
There are two main types of real estate registration electronic certificates: Real estate property certificate, and real estate registration certificate. Once the registration of the estate is completed and processed, the electronic receipt of the booking will automatically be generated.
If the right holder is an individual, logging in from the Beijing Tong APP or the Beijing Real Estate Registration WeChat public account and entering the real estate palm registration centre license module will initiate the electronic certificate generation process after due verification.
If the right holder is an enterprise or an institution, then the legal authority must log in to the palm through the dynamic verification code of the electronic business real estate registration centre app, and then enter the license collection module to initiate the automated certificate generation process after due verification.
Before the implementation of this blockchain solution, the real estate registration applications made through the official website of the Municipal Planning Commission or their WeChat public account. The Beijing Real Estate Palm Registration Service Center App will replace the website method for applications for registration.
The Palm Registration Center provides services such as online inquiry of real estate registration, e-license collection, online appointment and mortgage registration. This new system reduces wait times of hours to verify the registration application and generate a certificate, now takes minutes to complete the entire generation process.