Wealth Migrate Launches Real Estate Investment Marketplace with Integrated Blockchain

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Wealth Migrate has became one of the first real estate online investment marketplaces to integrate Blockchain technology in a move that significantly enhances security and privacy protections for investors around the globe.

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Wealth Migrate Chief Information Officer Jaco Maritz said that while many financial services providers are experimenting with the transformative power of Blockchain and distributed databases, few have successfully integrated the technology in a way that benefits global investors looking for enhanced security and assurance when investing across borders or locally.

“Investing across borders is a complex process often wrought with fraud,” says Scott Picken, Founder and CEO. “At Wealth Migrate, we are committed to our vision of using financial technology to help investors everywhere have access to world class commercial real estate investments in currency stable markets. However, with the real dangers of fraud, we wanted to give global investors an additional level of security and peace of mind with the ability to have an un-editable record of their investment, providing them extra transparency in the process.”

Jay Thomson, Chief Digital Officer, adds:

“It is all about trust when it comes to investing, and this technology provides the foundation to enhance our three core values of Wealth Migrate: trust, transparency, and alignment of all parties involved. Blockchain helps us achieve our Vision, where WealthMigrate.com is the premier online investment marketplace where anyone in the world can invest in any amount, in any property, anywhere.”

“The technical incorporation of Blockchain into our marketplace will provide our investors with a number of benefits, including greater protection of personal information, enhanced compliance, the inclusion of smart contracts, and decentralized confirmation of their transactions,” Maritz says. “We have gone out of our way to create the most secure and compliant online real estate investing marketplace across the globe, whilst achieving our ongoing mission of making it ever more simple, safe, and easy for investors at every level.”

Going beyond Blockchain’s offerings, the enhanced Wealth Migrate marketplace adds an additional level of security within its Blockchain as a “one-way hash code.” This is an extra, highly secure encryption applied to investment transactions in the Blockchain, providing an unprecedented level of privacy and cybersecurity protection. Platform users will be able to access a new ‘Blockchain’ section, which generates a unique transaction code and hash value once they have completed a transaction. The transaction is then stored on the Blockchain via a secure public Bitcoin library, which can be queried by investors with the right hash code to validate their investment.

Investors domiciled in developing and emerging markets will be especially advantaged by the software enhancements, as they are often exposed to greater risks when attempting cross-border transactions. These risks are mitigated by the encryption and immutability functions of the Blockchain.

In addition to the Blockchain integration, the marketplace has a number of other cutting edge features coming, including automated investment advice and specialized investment products depending on investment goals.

Picken stated:

 “Although some way to go, this Blockchain based marketplace will ultimately completely democratise investing, both locally and internationally. With the adoption of cryptocurrencies, this will dramatically reduce the costs, increase the returns, and ultimately increase the efficiency and accessibility for all. It is another major step forward to us realizing our vision of making investing available to the 99-percent who want to invest like the top one-percent.

“We are doing this with the use of FinTech technologies like Blockchain, which helps us get closer to our dream of $1 per person, per investment. A $1 investment won’t change someone’s life, but it will change their habits, which in turn will change their financial destinies.”

The Blockchain announcement follows the successful launch of a permanent presence for Wealth Migrate in mainland China, with an office officially opening in Shanghai in April 2016.

 

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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1 COMMENT

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