Cityscape Conference 2017: Blockchain + Real Estate

My deck from the Cityscape Conference 2017 that took place in Dubai on the 10th of September 2017. I spent a few minutes discussing an overview of blockchain networks and how they may apply to the world of real estate.

Transcript

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2. Blockchain + Real Estate
   

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4. The Blockchain Tech Stack
   

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5. [1]: Preethi Kasireddy, https://hackernoon.com/bitcoin-ethereum-blockchain-tokens-icos-why-should-anyone-care-890b868cec06
   

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6. What’s a blockchain?
   

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7. "The blockchain is an incorruptible digital
   ledger of economic transactions that can
   be programmed to record not just
   financial transactions but virtually
   everything of value."

   

   -Don and Alex Tapscott, Blockchain Revolution
   

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8. That’s a bit of a mouthful, so let’s
   simplify..
   

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9. "A blockchain is a distributed public
   database that keeps a permanent record
   of digital transactions. "

   

   -Preethi Kasireddy, Blockchain Engineer
   

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10. [2]: Curious Inventor, https://www.youtube.com/watch?v=Lx9zgZCMqXE
    

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11. [2]: Curious Inventor, https://www.youtube.com/watch?v=Lx9zgZCMqXE
    

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12. [2]: Curious Inventor, https://www.youtube.com/watch?v=Lx9zgZCMqXE
    

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13. What’s the protocol layer?
    

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14. These are the rules that are enforced by
    a blockchain to maintain distributed
    consensus across the network
    

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15. What are tokens?
    

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16. A token (or a coin) represents the digital
    asset and the underlying economic value
    of a blockchain network
    

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17. Over 900+
    tokens
    today.
    

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18. What are applications?
    

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19. Aside from money = today’s most
    common use case, we can use
    blockchains to build new applications
    

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20. 1. Protocols
    2. General Applications
    

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21. Protocols = payments, identity, domain
    name systems, cloud computing,
    reputation systems, advertising..
    

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22. Applications = wallets, exchanges,
    crowdfunding, prediction markets..
    

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23. There are two broad ways in which we
    can think about building on the
    blockchain
    

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24. 1. Build new blockchains and tokens
    

    2. Build new tokens on top of existing
    blockchains (= faster, more liquidity..)
    

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25. ⚡

    A Few Blockchain + Real Estate Ideas
    

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26. 

    Planning & Forecasting
    

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28. 

    A developer could sell “planning” tokens
    to forecast true demand.

    

    If the tokens sell = build

    If they don’t = re-plan
    

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29. 

    Public Infrastructure
    

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30. Today’s payment systems are inefficient
    and are expensive to manage and
    maintain

    

    Think about the steps you need to go
    though to top up your Salik account..
    

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32. 

    You walk into a park and AED 0.000001
    is automatically billed to your secure
    wallet + UAE blockchain
    

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33. 

    You drive into a public parking lot and 

    ANPR recognises your number plate.

    

    When you leave, AED 0.0002 is
    automatically billed to your secure wallet
    + UAE blockchain
    

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34. Re-inventing our payments systems will
    allow seamless payment for fractional
    use of public infrastructure
    

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35. This means we can fund public
    infrastructure significantly more
    efficiently.
    

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36. 

    Fractional Real Estate Investment
    

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38. 

    Tokenise each real estate asset or a
    portfolio of assets.

    

    

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39. ⚡

    Buy, sell and trade real asset tokens
    instantly. Globally.

    

    (AKA Unbundled REITs)
    

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40. ⚠

    Customary Plug

    This is something that we’re working on
    at Esanjo
    

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41. 

    Seamless Home Buying
    

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42. 

    A buyer swings by an open house and
    taps one button on their device..

    

    

    to buy, execute and sign a contract,
    organise escrow, sort out finance, pay
    the landlord, organise moving, switch
    over utilities and..
    

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43. 

    Title Registry
    

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44. [3]: Bitcoin - An Australian Invention in Land Titling? https://spatialsource.com.au/latest-news/bitcoin-an-australian-innovation-in-land-titling
    

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45. ⚡

    Today: Government records titles or
    recording system to look up chain of title

    

    Tomorrow: Blockchain networks
    efficiently provide proof of ownership
    and full history since inception
    

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46. 

    Blockchain Real Estate Startups
    

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47. REX

    Propy

    ATLANT

    REIDAO

    REAL

    Bitproperty

    REcoin
    

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51. There’s even an
    International
    Blockchain
    Real Estate

    Association!
    

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52. 

    So, what does all of this mean?
    

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53. If all real estate assets are eventually
    digitised on a blockchain what does that
    mean for the industry?
    

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54. Owners, Investors, Tenants, Agents,
    Service Providers, Lawyers, Accountants,
    Escrow, Financiers, Mortgage Brokers,
    Conveyancers and more..
    

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55. ⌨

    Anything that can be programmed, will.
    

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56. Leaving us with..

    Owners & Tenants. 

    Only.
    

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57. If you’re a programmable function =
    you’ll eventually become a niche

    (Booking.com, Expedia vs travel agents)
    

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58. Let me give you a quick example
    

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59. Software is starting to eat the legal world
    

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60. 4

    Lawyers = Today

    

    5
    Legalese.com = Tomorrow
    

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61. 

    Legalese is an open-source project
    to draft legal documents the way
    programmers develop software. 

    

    ✳
    Legalese's L4 language will allow
    programmers to draft contracts.
    

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64. Disrupt. 

    Don’t be disrupted.
    

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65. The blockchain has the potential to turn
    the internet into the world’s largest
    decentralised

    stock exchange
    

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66. The blockchain has the potential to turn
    the internet into the world’s largest
    decentralised 

    stock exchange

    asset exchange
    

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67. @okassim
    

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68. 

    Thank You!
    

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