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Cityscape Conference 2017: Blockchain + Real Estate

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.

Omar Kassim

September 10, 2017
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Transcript

  1. View Slide

  2. Blockchain + Real Estate

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  3. View Slide

  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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  31. View Slide


  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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  37. View Slide


  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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  63. View Slide

  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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