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Wealth Migrate integrates blockchain to provide improved security for international investors

Wealth Migrate, leading global real estate investment marketplace, has integrated blockchain technology in order to offer enhanced security and privacy protections for cross-border investors.

According to the official release, the blockchain announcement follows the successful launch of a Wealth Migrate office officially opening in Shanghai in April 2016.  The successful integration of blockchain helps global investors who are looking for enhanced security and assurance when investing internationally or locally, the company Chief Information Officer Jaco Maritz mentioned.

“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 stated. “We have gone out of our way to creating 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.”

Apart from the integration of blockchain, the enhanced Wealth Migrate marketplace has added an additional level of security within its blockchain as a “one-way hash code.” This highly secure encryption will be applied to investment transactions in the blockchain and offers an unprecedented level of privacy and cyber security protection.

The new ‘blockchain’ section can be accessed by platform users that generate a unique transaction code and hash value after they have completed the transaction. The transaction is then stored in a blockchain with the help of a secure public bitcoin library that can be queried by investors with the right hash code to validate their investment.

“Although some way to go, this blockchain based marketplace will ultimately completely democratize 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,” Scott Picken, Founder and CEO of Wealth Migrate said.

Investors involved in developing and emerging markets are often exposed to greater risks when attempting cross-border transactions and are advantaged by the software enhancements. The encryption and immutability functions of the blockchain, mitigate these risks and ensure the investors, a secure transaction.

“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,” Picken added.

The company has various cutting edge features coming apart from blockchain, including automated investment advice and specialized investment products depending on investment goals.

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