Saudi real estate tokenization company Aqar Chain partners with US KloudSpot

 Aqar Chain a Saudi grown real estate asset tokenization company that uses blockchain as a technology has partnered with US based IOT WiFi service provider Kloudspot. The companies signed a MOU detailing a joint development and pilot using their collaborative technologies to be as a use case in the GCC market, starting from Saudi Arabia.

Kloudspot began by building a software defined networking solution to ensure networks were easy to install, monitor and manage and to ensure reliability at a global scale. Artificial Intelligence and Machine Learning concepts were then used to create services to manage sensors and devices to gather intelligence from the physical world. Businesses use various third-party solutions to run their business. In order to make digital transformation effective, Kloudspot built methods to integrate and correlate data from WiFi networks, from the sensors and from existing third-party CRM and PMS systems with the client. Kloudspot's data analytics enables intelligence to be derived from these co-related data. 

Aqar Chain is creating a real estate investment platform to unleash these opportunities in the blockchain era. This new platform will give investors direct access to a new and lucrative asset class to add to their investment portfolios. Using this Partnership, Aqar chain will enable a powered by Kloudspot service on their mobile application allowing the users a unified and seamless experience in leasing their properties.