Blockchain and real-estate transactions appear to be a perfect match because there is an need of secure and immutable ownership records and trust is very important. In some countries, like Georgia, the real-estate industry is already embracing blockchain technology. Some others are experimenting with the technology, like China's Xiong’an New Area.

1. The Blockchain alphabet
Blockchain and Real Estate
Maka De Lameillieure
maka.delameillieure@ams.ac.be

3. What problem are we trying to solve
that Blockchain technology
might or might not
offer the solution for?

4. Challenges in
Business and
Society

5. Trust and integrity
- Election process
How can we provide transparency to count votes in real
time and ensure there is no fraud?
How to make sure that online voting is secure (no hacking)?
- Supply chain
How to improve supplier relationships and mutual trust between various
players (buyers suppliers, transport, logistics …)?
- Real Estate
Participants in leasing and purchase and sale transactions are new to
each orher

6. Immutable record of data and timestamping
- Royalty payments/IP:
Who is the owner of idea/rights when multiple parties are involved?
Who owns these rights and who is therefore entitled to payment?
- Supply and production chain
Origin of raw materials, processing, transport, ...

7. Can Blockchain technology
offer the solutions for these
challenges?

8. Disclaimer!
Introduction to Blockchain

9. The story of Blockchain began in 2008, when a mysterious
person named Satoshi Nakamoto released a paper called
‘Bitcoin: a peer-to-peer electronic cash system’
https://bitcoin.org/bitcoin.pdf
In early January 2009, the first block of the Bitcoin
Blockchain was created (mined). It included the message
“The Times 03/Jan/2009 Chancellor on brink of second
bailout for banks.”

11. LOCATION BUILD AREA LAND AREA OWNERDATA

12. a 8 9 7
c 0 2 1
1 e a 4 3 3 a 5
1 a 8 1 4 e 3
3 e e 0 5 c b 1 1
0 e 1 3 4 c c 4 1 1 3
1
1
e a 3 7 3 3 1
2
4 5 a 8 8 1
b 3 e e 6 5 a
a 2 1 2 3
3 1 b e 4 5 1
7 3 4 4 3 a b
4 5
1
3 4 2 0 1
5 a a e 3 3 b 1
1 a 2 3
3 c c 1 1 2 2 7 3
0 2 1 3 e 4 9 b b 8 a
2 1
1 3 e 3 9 5
b b
8 7 a a 3 2 2
b 1 3 4 5 6 e 6 9 1
3 b 0 2 9 9 b b 3
e
3 1 5
5HueDCu56rmXExxiPdU54DK6ku4MkFZydd4Z1jvd5Z4dZ1TTbh4
Immutable recor
Timestamping

13. Node
1
Node
2
Node
3
Consensus model

14. Distributed ledger

15. 1
Baran, P. 1964. On distributed communications networks. IEEE Transactions on
communications systems. 12(1):1-9. DOI:10.1109/TCOM.1964.1088883.

16. For business strategy, the implementation of blockchain would mean
that a company’s authority – governance, responsibility and
accountability no longer emanates from one central point, but is
executed by several nodes, entities, or functions within the
organization.

17. Distributed ledger with immutable
record of data that enables Peer to
Peer value transactions without a
middleman based on consensus
model and timestamping

18. Permission to read
Permission to write
Permission to produce
Permission to approve the data in the
blocks
Permission to read
Permission to produce
Public
(open)
BC
Private
(closed)
BC

19. Smart
contrac
t
Smart contracts are computer programs that automatically
execute instructions triggered by external events (for example, the
receipt of goods leads to payment being processed).
Smart contracts are not smart and cannot be considered as legal
contracts.

20. Blockchain Cases

21. Land Registry
Case Georgia
• The government of Georgia is using blockchain to register land titles and
validate property-related government transactions.
• National Agency of Public Registry (NAPR)
• From couple of days to 10 min

22. Case Sweden:
• Swedish National Surveying Office (Lantmäteriet) and Private
blockchain
• As part of this platform is smart contract solution for the conclusion
conclusion of purchase contracts via the blockchain
• Estimated savings 100 million euros per year
Land Registry

23. Aqua Property Management based on blockchain
Property Management

24. LOEK! Het digitale gebouwdossier
Property Management
https://loekonline.nl

25. CHINA, Xiong’an New Area is going to use blockchain for project fund managemen
Property Management

26. A First For Manhattan:
A luxury Manhattan condo
development ($30M Real Estate
Estate Property) located in the East
East Village is the first major asset
asset in Manhattan to be
tokenized on Ethereum
Tokenization of Real Estate
Source: Forbes

27. The Hub, $20 Million luxury student residence in South Carolina starts with the
token sale
The Hub will come with a right to receive a 5% dividend
Tokenization of Real Estate
Source: Fortune

28. Blockchain applications for securing IP

30. Blockchain Challenges

31. Immutable record – the right to erasure (‘right to be forgotten’ in new General
Data Protection Regulation (GDPR) of the European Union, mainly article 17 ).
Any person can correct or even delete his/her personal data and information
that affects him/her (person) and stop being treated if this personal data is no
longer necessary for the purposes for which they were collected.

32. No middleman – whom to ask if something goes
wrong?

33. Very high energy cost
Bitfury’s Bitcoin computers require at least 45 megawatts of energy, enough to power nearly 50,000 homes
Nearly 10 percent of energy output in Georgia
Credit Daro Sulakauri for The New York Times

34. How to start BC
Insight – Analyze – Prepare - Implement

35. Masterclass Blockchain Innovation strategy for non-financial applications (2
days)
Insight
Analyze
Blockchain SCAN (ca. 1 hour)
Prepare
Research project/partnership (3 month to 1 year)

36. maka.delameillieure@ams.ac.be
+32(0)498919499
@makaDLM