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

2. Blockchain + Real Estate
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
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..
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
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
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.
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!