i-House.com CTO Eric Dao Interviewed by Crypto News TV
Recently i-House.com Chief Technology Officer Eric Dao was interviewed by Crypto News TV on YouTube. Crypto News TV has more than 20,000 subscribers on YouTube and offers 24–7 unbiased news and review coverage of crypto and developing markets. The main topic of discussion during the interview, which lasted more than 30 minutes, was the i-House ATO real estate platform and the IHT cryptocurrency. Below are some highlights of the interview as well as a link to the watch the entire segment.
What is the difference between IHT and ATO?
“IHT is a platform token to jumpstart our project, all real estate developers that bring their project onto our platform will pay a portion of the fees in IHT, I think of IHT as the gap to the Ethereum blockchain. IHT will be used to buy products and services on top of the ATO platform. For instance, in the future imagine a coworking office rental where a user could purchase a membership of that coworking space with IHT.”
Is the focus of ATO primarily on financial institutions or the asset holders or a combination of both?
“We are trying to make i-House ATO more accessible to any investor that is interested in the real estate token. i-House ATO is the big umbrella product that you can utilize to leverage blockchain technology and tokenize the asset that you have. The first model of ATO is like selling tickets to a movie that is being made and when the movie is completed you can either use the ticket to see the movie or resell the tickets. Within i-House.com people will be able to create ATOs. Asset owners will go through the process of due diligence, KYC and compliance checks, and will be compliant with the laws of the given country such as in the U.S. when following the mandates of the SEC. i-House ATO allows users and investors to invest with cryptocurrency rather than fiat currency and by using the blockchain will enable efficiency and security. Projects that come onto our platform bring transparency to our investors and with that transparency we hope to bring trust between investor and owner.”
When we will be able to see the ability to login into the back-end and test the ATOs?
“We have been privately testing the platform i-House ATO 2.0 for quite some time now, with a total of 17 versions having been tested. While the platform is generic, we want to make sure that it is a real platform, instead of something that we don’t believe in and doesn’t protect the user when it comes to purchasing the ATO, we choose real estate as a starting point. I’m paranoid about security, I want to ensure the stuff we build is extremely secure and I know there is no such thing as 100% secure. I do my due diligence and use all the common industry best practices that the industry has to offer to make sure that we build a very secure product.”
To watch the interview in its entirety click here to go to Crypto TV News’ YouTube channel.
i-House.com was founded in 2017 in Hong Kong and is the leading global real estate blockchain marketplace for investors and developers. It is disrupting the traditional real estate marketplace by combining the power of blockchain and emerging technologies. i-House.com products are i-House ATO (Asset Tokenization Offering) and IHT (i-House Token). i-House.com was named one of the “Top 25 Blockchain Solution Providers of the Year” by CIO Applications and was the first utility token to be featured on the Fox Business Network. To learn more, visit i-House.com, and follow us on Twitter, YouTube, and Telegram.
