TATERU, Inc. (head office: Shibuya-ku, Tokyo; representative director/CEO: Daisaku Furuki; securities identification code: 1435; “the company”) announces that it will open TATERU Tech Lab in Singapore as a center for research on the use of blockchain in real estate finance. TATERU Tech Lab will start operation on September 1, 2018.

Objective of opening TATERU Tech Lab

Under the corporate philosophy "Providing new services with Internet x Real," and harnessing big data, machine learning, IoT, and other latest technologies, the company deploys diverse real estate tech businesses including apartment platform business, IoT business, crowdfunding business, and Minpaku business.

As a part of these activities, the company is exploring the potential of expanding conventional businesses and generating new businesses utilizing blockchain technology, which is expected to be ideal for real estate transactions. To promote use of blockchain in real estate finance, the company will establish TATERU Tech Lab in Singapore and start operation on September 1, 2018.

Researches at TATERU Tech Lab

TATERU Tech Lab will conduct research on the use of blockchain technology in real estate finance while also studying and collecting information about global regulations related it. Blockchain improves transparency of assets, significantly simplifies transaction processes, and prevents tampering almost completely, making it ideal for real estate transactions. TATERU Tech Lab will explore every possibility of blockchain use in real estate finance, for instance, technology adaptation for TATERU Funding business. Singapore, where TATERU Tech Lab will be established, is one of the leading global financial centers where many international financial institutions have research facilities, driven by the Monetary Authority of Singapore (MAS). It is a place where a tremendous number of blockchain startups run business. In such an environment, TATERU Tech Lab will collect information on the latest technological development, build partnerships with companies and organizations conducting research and development of cutting-edge technologies, and accelerate adoption of the technology in real estate finance.

About TATERU Tech Lab

Name: TATERU TECH LAB PTE. LTD.
Address: 171 Chin Swee Road #04-07 CES Centre Singapore 169877
Major business: Research on use of blockchain technology