BEIJING, Nov. 15, 2019 /PRNewswire/ -- Xinyuan Real Estate
Co., Ltd. ("Xinyuan" or the "Company") (NYSE: XIN), an NYSE-listed
real estate developer and property manager primarily in
China and in other countries, has
become one of the first blockchain technology service providers in
China. The Company is accelerating
its innovation to enable the real estate industry and to win market
recognition with the X-Bolts blockchain underlying technology
platform and key products such as Golden Bricks and Conbow.
Laying out the underlying technology of blockchain
After experiencing bubbles and troughs over the past two years,
the blockchain industry has begun a new round of fast growth. If
capital was the key driver for the development of the blockchain in
the initial stage, then technical capability has become the core
competitiveness of the blockchain in its next stage.
As one of the first real estate companies to invest in
blockchain, Xinyuan's technology business is one of the earliest
developers in the underlying technology of the blockchain in
China. As early as 2015, Xinyuan
invested in Beijing Rchain to study the underlying technology of
the blockchain, focusing on the BAAS (Blockchain As A Service)
platform based on the blockchain technology, which is highly
expandable, simple in process and self-controllable.
Rchain is one of the first five enterprises in China to pass the blockchain standard test by
the Ministry of Industry and Information Technology. The company
participated in the preparation of the blockchain standard
organized by the Ministry of Industry and Information Technology in
2016, and led the preparation of the Legal Policy Research Report
on the Application of Blockchain in the Financial Field, filling in
the gap of legal policy support for blockchain application in the
financial field.
For Rchain, R&D capability and innovative application are
the foundation that drive its growth. Its R&D team led the
development of the X-bolt (Blockchain Operation Ledger Technology)
Blockchain Bottom Closed Source Technology Platform. The technology
was built with the technical support of IBM (China) Research Institute over three
years.
As an underlying platform based on blockchain technology, all
its underlying modules support pluggable customization, providing a
variety of flexible access and deployment methods to meet the rapid
access of blockchain systems under various scenarios.
The competition of technology is to some extent the competition
of patents. Tencent's newly released 2019 Tencent Blockchain White Paper showed that
Internet companies, financial giants and start-ups are all fiercely
competing in the patent field to protect their research results,
improve their market competitiveness and enhance their brand
reputation and credibility.
Patents are Rchain's strength. In 2017, the number of blockchain
patents held by Rchain ranked fifth in the world, and third in
China. In 2018, it successfully
entered the Top 20 list of Hurun blockchain enterprises and won the
"Star of Blockchain" award by People.com.
Rchain has disclosed 57 patents related to blockchain as of
October 31, 2019, and has 83 patent
applications in the same period.
Technology R&D and product innovation need high-end talent.
In 2016, Xinyuan and Tsinghua PBC School of Finance (PBCSF) jointly
established Xinyuan Real Estate Finance Science and Technology
Research Center, whose main research areas include hot issues such
as blockchain, big data, artificial intelligence and technology and
finance. The center is committed to analyzing and mining the
operation mechanism behind policies and data through objective and
rigorous research, and at the same time cultivating management and
professional talents in the field of financial science and
technology to promote the development and innovation of financial
technology.
Accelerating innovation to empower
the real estate industry
After a period of dormancy, the application of blockchain
technology in industrial fields is gradually maturing, including
within the real estate industry.
The market prospects in the field of real estate intelligence
and technology are huge. On the one hand, China has RMB300-400 trillion in housing stock assets that
will need technology to aid revitalization in the future. On the
other hand, technology can provide smart solutions for families,
communities and even cities.
Some innovative enterprises have taken advantage of smart
situations to explore new service scenarios, from residents to
communities, from hardware to humanities, and to explore how to use
science and technology to meet residents' daily life, social,
medical, educational, shopping and other needs more intimately and
efficiently.
Among the real estate innovators, Xinyuan, a NYSE-listed company
established in 1997, has been at the forefront. As the founder of
Xinyuan Group and one of the earliest entrepreneurs in China's real estate industry, Xinyuan Chairman
Zhang Yong has repeatedly stated
that science and technology will change the profit model of the
real estate industry and enable the real estate industry to
transform and upgrade, and that the industrial Internet will
redefine the living space for residents.
As the executor and pioneer of "science and technology + real
estate" model, Xinyuan is taking the underlying technology of
blockchain as the core, combining it with the characteristics of
the market and industry, to develop applications suitable for real
estate, including Golden Bricks and Conbow, two industrial
applications based on blockchain technology.
For example, the traditional real estate sales process is
lengthy, with many subjects, high cost and slow speed. Golden
Bricks uses blockchain technology to solve this pain point, which
not only reduces the selling cost of real estate enterprises and
improves the sales speed, but also provides one-stop all-round
service for buyers and improves customer satisfaction.
Taking property services as another example, traditional
community property services have the characteristics of higher
cost, narrow service scope, single source of income, etc.
To address these issues, Xinyuan has invested in Conbow to build
an intelligent community operation platform with blockchain and the
Internet of Things technology. This technology product can not only
improve the living quality of owners and upgrade the quality of
property services, but also reduce the cost of property management
and increase the income of property service enterprises.
In the future, the integrated application of blockchain
technology will play an increasingly important role in industrial
transformation. Creating social values and enabling the real
economy are the general trends of the blockchain industry. Golden
Bricks, Conbow and other applications that help lower costs and
improve service efficiency will have massive potentials in the
market.
The favorable macro environment also provides opportunities for
the application of blockchain. Ren Zeping, Chief Economist &
Director at Evergrande Think Tank, released the "Ren Zeping
Blockchain Research Report" on October
26, predicting that the blockchain will develop faster and
become more standardized in 3-5 years. According to the report,
over 95% of blockchain related startups worldwide are currently in
the seed round, angel round and round A, and only 3% in round B and
beyond, which shows that the industry is still in the early stage.
The report predicts that in the next 3-5 years, the application of
the blockchain will focus on the financial industry and gradually
spread to other real industries.
On October 28, Li Wei, Director of the Science and Technology
Department of the People's Bank of China, said at the first Bund Financial Summit
that the blockchain, as an important emerging technology, has great
potential in promoting the innovation and development of the
digital economy and needs in-depth study.
For Xinyuan, the "X" in its "X-Bolt" technology represents "the
future". Sticking to its mission, Xinyuan will serve the real
economy more efficiently with more cutting-edge technologies, more
valuable applications.
The "tomorrow" of blockchain is not to be underestimated.
About Xinyuan Real Estate Co., Ltd.
Xinyuan Real Estate Co., Ltd. ("Xinyuan") is an NYSE-listed real
estate developer and property manager primarily in China and recently in other countries. In
China, Xinyuan develops and
manages large scale, high quality real estate projects in over ten
tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi'an,
and Suzhou. Xinyuan was one of the first Chinese real estate
developers to enter the U.S. market and over the past few years has
been active in real estate development in New York. Xinyuan aims to provide comfortable
and convenient real estate related products and services to
middle-class consumers. For more information, please visit
http://www.xyre.com.
Forward Looking Statements
Certain statements in this press release constitute
"forward-looking statements". These statements are made under the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. Statements that are not historical statements
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties that could cause actual results to
differ materially from those projected or anticipated. Except as
required by law, we undertake no obligation to update or review
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which
the statement is made.
For more information, please contact:
In China:
Xinyuan Real Estate Co., Ltd.
Mr. Charles Wang
Investor Relations Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com
Media:
Mr. Jeff Pei
In China: +86 (10) 6583-7514
Email: Jianfeng.pei@icrinc.com
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SOURCE Xinyuan Real Estate Co., Ltd.