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Cityscape Conference 2017: Blockchain + Real Es...

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

    permanent record of digital transactions. "
 
 -Preethi Kasireddy, Blockchain Engineer
  3. These are the rules that are enforced by a blockchain

    to maintain distributed consensus across the network
  4. A token (or a coin) represents the digital asset and

    the underlying economic value of a blockchain network
  5. Aside from money = today’s most common use case, we

    can use blockchains to build new applications
  6. There are two broad ways in which we can think

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

    tokens on top of existing blockchains (= faster, more liquidity..)
  8. 
 A developer could sell “planning” tokens to forecast true

    demand.
 
 If the tokens sell = build
 If they don’t = re-plan
  9. 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..
  10. 
 You walk into a park and AED 0.000001 is

    automatically billed to your secure wallet + UAE blockchain
  11. 
 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
  12. 
 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..
  13. ⚡
 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
  14. If all real estate assets are eventually digitised on a

    blockchain what does that mean for the industry?
  15. If you’re a programmable function = you’ll eventually become a

    niche
 (Booking.com, Expedia vs travel agents)
  16. 
 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.
  17. The blockchain has the potential to turn the internet into

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

    the world’s largest decentralised 
 stock exchange
 asset exchange