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International Blockchain Real Estate Association 2017 Annual Conference - President's Opening Remarks by Alexandra Levin Kramer, Esq.


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The International Blockchain Real Estate Association (IBREA) is proud to present its second annual conference, held this year in New York City. At this full day event, top professionals from both the real estate and blockchain technology industries will gather together in panel discussions and working groups, and select startups in this space will have the opportunity to showcase their companies. The IBREA NYC Conference is an excellent opportunity to meet investors, entrepreneurs, real estate professionals, blockchain specialists and enthusiasts. IBREA's President, Alexandra Levin Kramer, Esq. (Chair of CKR Law's Blockchain Technology and Digital Currency practice group) will open the conference with the state of blockchain real estate around the world. She will provide an overview of IBREA's current and future efforts to transform the real estate for the 21st Century.

Published in: Real Estate
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  • Sounds like a great conference. Some good information and looking forward to the next one. We will be able to make the next conference. We are really wanting to grow the market around Real Estate. With only 1.5% of this market focused on real Estate we certainly can take on a larger part of the environment. Look forward to connecting with various people from the Real Estate over the next few months. I think the major key to moving forward is if as a group of Real Estate professionals whether it be sales or development or legals we need to work together
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International Blockchain Real Estate Association 2017 Annual Conference - President's Opening Remarks by Alexandra Levin Kramer, Esq.

  1. 1. International Blockchain Real Estate Association 2nd Annual Conference – NYC October 10, 2017 President's Opening Remarks Alexandra Levin Kramer, Esq. Chair, Blockchain Technology & Digital Currency CKR Law LLP ADVANCING REAL ESTATE INTO THE 21ST CENTURY #IBREANYC
  2. 2. IBREA • Trade association founded in 2013 by Ragnar Lifthrasir in Orange County, California • Over 3,000 members in 17 countries • Real estate members include professionals in real estate development, investment, escrow, title, law, brokerage, government and marketing • Technology and other members include professionals in blockchain, IT, hardware, mobile, startups, academia, open source software and cryptography #IBREANYC • www.ibtcrea.orgOctober 10, 2017 2
  3. 3. IBREATODAY #IBREANYC • Asia & Australia • Bangkok* • Brisbane • Hong Kong • Jakarta • Singapore Europe • Amsterdam • Berlin • London* • Lucerne • Madrid • Milan* • Zagreb * Chapter chairs attending NYC conference North America • Chicago* • Cincinnati * • Dallas/Fort Worth* • New York* • Orange County • Phoenix* • Seattle • Silicon Valley • Tampa • Toronto* • Vancouver* • Washington, D.C.* Latin America • Mexico City* • São Paolo October 10, 2017 3
  4. 4. IBREA Initiatives IMPLEMENT TECHNOLOGY 1. Develop a universal property registry and title platform that is open source, non-profit, secure, and scalable. 2. Develop a universal digital deed (Token) platform that is open source, non-profit, secure, and scalable. 3. Create a "How to use cryptocurrency with real estate right now" resource; Begin a database for organizing the uses and people, companies, tools, instructions, etc. that it takes to use them. BUILD THE COMMUNITY 1. Promote individual real estate transactions to occur using cryptocurrency in any practical role. 2. Hold regular MeetUp groups and online discussions, and periodic conferences. 3. Bring together professionals including brokers, investors, entrepreneurs, developers, government officials, escrow and title officers. 4. Drive online collaboration with Slack channels, LinkedIn, GitHub, and SET INDUSTRY STANDARDS 1. Develop a Best Practices guide to cryptocurrency escrow. 2. Identify new standards that will be needed to operate within a blockchain paradigm. 3. Identify organizations that are likely to be involved with standards and lead collaboration. October 10, 2017 #IBREANYC • 4
  5. 5. IBREA: “Top Association” Finalist for the 1st Annual Global PropTech Awards presented by MetaProp NYC during 2017 NYC Real Estate Tech Week October 10, 2017 #IBREANYC • 5
  6. 6. IBREA in the Next 12 Months • Establish new City Chapters • Encourage more meetups • Provide support for Chapter Chairs, interaction among them • Organize additional large regional events in Europe and Asia • Create continuing education, certification courses and interactive webinars • Partner with academic institutions • Engage more Corporate Partners • Schedule hackathon for early December • Launch IBREA Network Token (“INT”) October 10, 2017 #IBREANYC • 6
  7. 7. Corporate Partnership Program October 10, 2017 #IBREANYC • 7
  8. 8. Corporate Partnership Benefits October 10, 2017 #IBREANYC • 8 BENEFITS Strategic Partner Gold Partner Silver Partner Bronze Partner Sponsorship recognition and co-branding opportunities at the Annual IBREA Conference     Full color banner showcasing Partner’s logo     Tickets to the Annual IBREA Conference 10 5 2 2 Tickets to VIP event networking function     Access to advisory services in blockchain & real estate 15 hours/year 10 hours/year 5 hours/year 2 hours/year Ability to advertise partnership with IBREA, including the use of IBREA’s brand, logo and name     Company logo featured prominently in IBREA monthly newsletter 12 months incl. brief text 8 months incl. brief text 4 months - bottom block of email 2 months - bottom block of email Recognition as Partner on IBREA website    
  9. 9. What is Blockchain? • Open source, universal protocol for property buying, conveyancing, recording, escrow, crowdfunding, and more. • Reduces costs, stamps out fraud, speeds up transactions, increases financial privacy, internationalizes markets, and make real estate a liquid asset. #IBREANYC • www.ibtcrea.orgOctober 10, 2017 9
  10. 10. Global Blockchain Technology Market: Version A October 10, 2017 #IBREANYC • 10 Source: Grand View Research, Inc. Market size was valued at US$509.1 million in 2015 Expected to reach US$7.74 billion by 2024
  11. 11. Token/Coin Offerings (ICOs) October 10, 2017 #IBREANYC • 11 Source: coindesk ICO Tracker, updated Sept. 28, 2017 2013: First ICO was US$500,000 raised by Mastercoin, a digital currency and communications protocol. 2013 to 2016: Cumulative total raised in ICOs was $295 million.
  12. 12. 2017 ICOs (by month) October 10, 2017 #IBREANYC • 12 Source:, October 2, 2017 • 2013 to Oct. 2017: US$2.67 billion raised in ICOs, with US$2.37 billion raised in 2017 alone. • The top 10 highest funded ICOs raised 51% of the total funding in 2017.
  13. 13. 2017 ICOs (by category) October 10, 2017 #IBREANYC • 13 Source:, October 2, 2017 • Highest funded ICOs: Infrastructure (Tezos, EOS, Bancor, etc.), $1 billion or 43.7% • Real Estate ICOs in 2017: US$35 million, 1.5% of total ICOs
  14. 14. Applications of Blockchain in Real Estate 1. TITLE: registration of property transfers 2. SMART CONTRACTS: self-enforcing real estate agreements 3. TOKENIZATION: a. real property ownership b. financing October 10, 2017 #IBREANYC • 14
  15. 15. Real Estate Blockchain Startups October 10, 2017 #IBREANYC • 15 Warning: This is not an endorsement by IBREA or the conference speakers of any company, nor is it a recommendation to buy, sell or hold any security. Company Name Country Origin Primary BC Service TRX=transactional (buy, sell, rent) Website White Paper ATLANT Russia TRX Blandlord Holland TRX -- Blocksquare Slovenia TRX Bloquid Russia Mortgage backed crypto-assets -- Brikshares -- -- -- Clicktopurchase UK TRX -- Cleverent Russia TRX -- CryptoProperties USA Supports TRX platforms ChromAway Sweden Property registration Enledger USA Notary, Energy, Property Reg. -- FOAM USA Geospatial mapping -- LA Token Russia Token trading linked to real assets Midasium -- TRX/registry functions tracked in real-time -- Primal Base Holland Shared workspace -- ProofSuite So. Korea -- REAL (Real Estate Asset Ledger) Singapore Real Estate Crypto-Crowdfunding REcoin (Warning: SEC Action) USA Cryptocurrency backed by real estate REIDAO Malaysia Fractional ownership REXmls USA TRX Stayawhile USA TRX Smart Real Estate USA Fractional 2HuDe_QS6jZy9U1NO6hg?_encoding=UTF8&*Version*=1&*entries*=0&mgh=1 Ubiquity USA Deed recordation -- Velox USA Title transfer --
  16. 16. U.S. Securities Exchange Commission • July 23, 2013: Investor Alert: Ponzi Schemes Using Virtual Currencies • May 7, 2014: Investor Alert: Bitcoin and Other Virtual Currency-Related Investments (same day as FINRA Investor Alert: “Bitcoin: More than a Bit Risky”) • March 10, 2017: Rejection of proposed rule changes to permit Winklevoss Bitcoin Trust (COIN), a bitcoin exchange-traded fund, to list and trade its shares • April 12, 2017: Trading suspension of Sunshine Capital, Inc. (SCNP) • [July 21, 2017: Delaware passes amendments allowing corporations to use blockchain for corporate recordkeeping purposes .] • July 25, 2017: Report of Investigation: The DAO; Investor Bulletin: Initial Coin Offerings • August 10, 2017: Trading suspension of CIAO Group, a.k.a. Numelo Technology (CIAU) • August 24, 2017: Trading suspension of First Bitcoin Capital Corp. (BITCF); Communication with Protostarr about its US$47,000 ICO, which decides to close and refund to token holders • September 25, 2017: Creation of Cyber Unit to target, inter alia, violations involving distributed ledger technology and initial coin offerings • September 29, 2017: ICO fraud charges against founder of REcoin Group Foundation and DRC World October 10, 2017 #IBREANYC • 16
  17. 17. SCAMS: The Facts October 10, 2017 #IBREANYC • 17 Cybercrime Stolen funds Number of victims Phishing $115,000,000 16,900 Exploits $103,000,000 11,000 Hacks $7,400,000 2,100 Ponzi $4,000 260 Total $225,400,000 30,260 Source: (Bendella, August 20, 2017) Active Scams 148 Inactive Scams 2,131 Total Scams 2,306 Source:
  18. 18. SCAMS: Protect Yourself • Use cold storage - Buy a Ledger Nano S or a Trezor. • Bookmark your crypto sites - Use those bookmarks and only those. • Only send funds to trusted addresses - Double-check to which address you're sending cryptocurrency. Look up the address at and check if there are bad reviews. • Never trust any discord/slack/telegram/reddit message - Don't ever fall for messages that say you can get free cryptocurrency or that a hack occurred. Source: October 10, 2017 #IBREANYC • 18
  19. 19. Thank You • Lewis Rinaudo Cohen, Hogan Lovells • Noga Golan, outgoing IBREA President, current Silicon Valley Chair • John Dean Markunas, BRASIL Blockchain Adviser • IBREA Volunteers: Freeman Lewin, Al Chen, Bennett Moore, Zach Alerhand, Jorge Chico • Leslie Gahagan, Corporate Engagement Manager • Corporate Partners: #IBREANYC • www.ibtcrea.orgOctober 10, 2017 19