Elysia (https://elysia.land) announced on the 7th that it has signed a technology agreement with Chainlink (Oracle solution) to provide real estate prices.
Elysia is a blockchain-based real estate investment platform. When real estate tokens representing real estate ownership are purchased, real estate revenue is automatically distributed to token holders through smart contracts on the blockchain.
Chainlink is an Oracle solution that allows data outside the blockchain to be safely imported onto the blockchain network. The Oracle problem is a reliability problem that occurs when external data is brought into the blockchain, and Chainlink provides a function to solve this problem.
Through this agreement, Elysia will be able to import external data faster and more accurately into the blockchain network. First, it will use Chainlink's solution to call the quotes to distribute the monthly rental income of real estate.
In addition, Elysia will provide the price data of residential and commercial real estate in Seoul, which was collected with the Korean Real Estate Development Consortium, to Chainlink's blockchain network.
Jeong-Geon Lim, CEO of Elysia said, "It is very important for Elysia to minimize the risks that may occur between stakeholders during real estate transactions and to create an investment environment based on objective data. From the introduction of this solution, we will research various ways to use internally.”.