Blockchain and Real Estate
- 1. The Blockchain alphabet Blockchain and Real Estate Maka De Lameillieure [email protected]
- 3. What problem are we trying to solve that Blockchain technology might or might not offer the solution for?
- 5. Trust and integrity - Election process How can we provide transparency to count votes in real time and ensure there is no fraud? How to make sure that online voting is secure (no hacking)? - Supply chain How to improve supplier relationships and mutual trust between various players (buyers suppliers, transport, logistics …)? - Real Estate Participants in leasing and purchase and sale transactions are new to each orher
- 6. Immutable record of data and timestamping - Royalty payments/IP: Who is the owner of idea/rights when multiple parties are involved? Who owns these rights and who is therefore entitled to payment? - Supply and production chain Origin of raw materials, processing, transport, ...
- 7. Can Blockchain technology offer the solutions for these challenges?
- 9. The story of Blockchain began in 2008, when a mysterious person named Satoshi Nakamoto released a paper called ‘Bitcoin: a peer-to-peer electronic cash system’ https://bitcoin.org/bitcoin.pdf In early January 2009, the first block of the Bitcoin Blockchain was created (mined). It included the message “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
- 11. LOCATION BUILD AREA LAND AREA OWNERDATA
- 12. a 8 9 7 c 0 2 1 1 e a 4 3 3 a 5 1 a 8 1 4 e 3 3 e e 0 5 c b 1 1 0 e 1 3 4 c c 4 1 1 3 1 1 e a 3 7 3 3 1 2 4 5 a 8 8 1 b 3 e e 6 5 a a 2 1 2 3 3 1 b e 4 5 1 7 3 4 4 3 a b 4 5 1 3 4 2 0 1 5 a a e 3 3 b 1 1 a 2 3 3 c c 1 1 2 2 7 3 0 2 1 3 e 4 9 b b 8 a 2 1 1 3 e 3 9 5 b b 8 7 a a 3 2 2 b 1 3 4 5 6 e 6 9 1 3 b 0 2 9 9 b b 3 e 3 1 5 5HueDCu56rmXExxiPdU54DK6ku4MkFZydd4Z1jvd5Z4dZ1TTbh4 Immutable recor Timestamping
- 15. 1 Baran, P. 1964. On distributed communications networks. IEEE Transactions on communications systems. 12(1):1-9. DOI:10.1109/TCOM.1964.1088883.
- 16. For business strategy, the implementation of blockchain would mean that a company’s authority – governance, responsibility and accountability no longer emanates from one central point, but is executed by several nodes, entities, or functions within the organization.
- 17. Distributed ledger with immutable record of data that enables Peer to Peer value transactions without a middleman based on consensus model and timestamping
- 18. Permission to read Permission to write Permission to produce Permission to approve the data in the blocks Permission to read Permission to produce Public (open) BC Private (closed) BC
- 19. Smart contrac t Smart contracts are computer programs that automatically execute instructions triggered by external events (for example, the receipt of goods leads to payment being processed). Smart contracts are not smart and cannot be considered as legal contracts.
- 20. Blockchain Cases
- 21. Land Registry Case Georgia • The government of Georgia is using blockchain to register land titles and validate property-related government transactions. • National Agency of Public Registry (NAPR) • From couple of days to 10 min
- 22. Case Sweden: • Swedish National Surveying Office (Lantmäteriet) and Private blockchain • As part of this platform is smart contract solution for the conclusion conclusion of purchase contracts via the blockchain • Estimated savings 100 million euros per year Land Registry
- 23. Aqua Property Management based on blockchain Property Management
- 24. LOEK! Het digitale gebouwdossier Property Management https://loekonline.nl
- 25. CHINA, Xiong’an New Area is going to use blockchain for project fund managemen Property Management
- 26. A First For Manhattan: A luxury Manhattan condo development ($30M Real Estate Estate Property) located in the East East Village is the first major asset asset in Manhattan to be tokenized on Ethereum Tokenization of Real Estate Source: Forbes
- 27. The Hub, $20 Million luxury student residence in South Carolina starts with the token sale The Hub will come with a right to receive a 5% dividend Tokenization of Real Estate Source: Fortune
- 28. Blockchain applications for securing IP
- 31. Immutable record – the right to erasure (‘right to be forgotten’ in new General Data Protection Regulation (GDPR) of the European Union, mainly article 17 ). Any person can correct or even delete his/her personal data and information that affects him/her (person) and stop being treated if this personal data is no longer necessary for the purposes for which they were collected.
- 32. No middleman – whom to ask if something goes wrong?
- 33. Very high energy cost Bitfury’s Bitcoin computers require at least 45 megawatts of energy, enough to power nearly 50,000 homes Nearly 10 percent of energy output in Georgia Credit Daro Sulakauri for The New York Times
- 34. How to start BC Insight – Analyze – Prepare - Implement
- 35. Masterclass Blockchain Innovation strategy for non-financial applications (2 days) Insight Analyze Blockchain SCAN (ca. 1 hour) Prepare Research project/partnership (3 month to 1 year)
Editor's Notes
- #35: No bitcoin