Cityscape Conference 2017: Blockchain + Real Estate

61401151b5b5f5af8f59df7ee99fbf78?s=47 Omar Kassim
September 10, 2017

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.

61401151b5b5f5af8f59df7ee99fbf78?s=128

Omar Kassim

September 10, 2017
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Transcript

  1. None
  2. Blockchain + Real Estate

  3. None
  4. The Blockchain Tech Stack

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

  6. What’s a blockchain?

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

  9. "A blockchain is a distributed public database that keeps a

    permanent record of digital transactions. "
 
 -Preethi Kasireddy, Blockchain Engineer
  10. [2]: Curious Inventor, https://www.youtube.com/watch?v=Lx9zgZCMqXE

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

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

  13. What’s the protocol layer?

  14. These are the rules that are enforced by a blockchain

    to maintain distributed consensus across the network
  15. What are tokens?

  16. A token (or a coin) represents the digital asset and

    the underlying economic value of a blockchain network
  17. Over 900+ tokens today.

  18. What are applications?

  19. Aside from money = today’s most common use case, we

    can use blockchains to build new applications
  20. 1. Protocols 2. General Applications

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

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

  23. There are two broad ways in which we can think

    about building on the blockchain
  24. 1. Build new blockchains and tokens 
 2. Build new

    tokens on top of existing blockchains (= faster, more liquidity..)
  25. ⚡
 A Few Blockchain + Real Estate Ideas

  26. 
 Planning & Forecasting

  27. None
  28. 
 A developer could sell “planning” tokens to forecast true

    demand.
 
 If the tokens sell = build
 If they don’t = re-plan
  29. 
 Public Infrastructure

  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..
  31. None
  32. 
 You walk into a park and AED 0.000001 is

    automatically billed to your secure wallet + UAE blockchain
  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
  34. Re-inventing our payments systems will allow seamless payment for fractional

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

  36. 
 Fractional Real Estate Investment

  37. None
  38. 
 Tokenise each real estate asset or a portfolio of

    assets.
 

  39. ⚡
 Buy, sell and trade real asset tokens instantly. Globally.


    
 (AKA Unbundled REITs)
  40. ⚠
 Customary Plug
 This is something that we’re working on

    at Esanjo
  41. 
 Seamless Home Buying

  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..
  43. 
 Title Registry

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

  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
  46. 
 Blockchain Real Estate Startups

  47. REX
 Propy
 ATLANT
 REIDAO
 REAL
 Bitproperty
 REcoin

  48. None
  49. None
  50. None
  51. There’s even an International Blockchain Real Estate
 Association!

  52. 
 So, what does all of this mean?

  53. If all real estate assets are eventually digitised on a

    blockchain what does that mean for the industry?
  54. Owners, Investors, Tenants, Agents, Service Providers, Lawyers, Accountants, Escrow, Financiers,

    Mortgage Brokers, Conveyancers and more..
  55. ⌨
 Anything that can be programmed, will.

  56. Leaving us with..
 Owners & Tenants. 
 Only.

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

    niche
 (Booking.com, Expedia vs travel agents)
  58. Let me give you a quick example

  59. Software is starting to eat the legal world

  60. 4
 Lawyers = Today
 
 5 Legalese.com = Tomorrow

  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.
  62. None
  63. None
  64. Disrupt. 
 Don’t be disrupted.

  65. The blockchain has the potential to turn the internet into

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

    the world’s largest decentralised 
 stock exchange
 asset exchange
  67. @okassim

  68. 
 Thank You!