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Blockchain and Real Estate - IBREA conference

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A tour of blockchain as it intersects with real estate, smart property, smart contracts and DAOs.

Published in: Economy & Finance
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Blockchain and Real Estate - IBREA conference

  1. 1. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com Blockchain and Real Estate:
 Dawn of a New Era B L O C K C H A I N 1 0 1 - R e a l E s t a t e www.bloq.com
  2. 2. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com BLOCKCHAIN 101
  3. 3. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com WHAT ARE BLOCKCHAINS? HOW DO THEY WORK?
  4. 4. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com BLOCKCHAINS ARE DISTRIBUTED, IMMUTABLE DATABASES They are technological infrastructure. bloq.com
  5. 5. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com They contain an historic record of every transaction and are easily auditable bloq.com
  6. 6. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com They are resilient due to network power and cryptographic integrity bloq.com
  7. 7. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com Blockchains use a market mechanism to coordinate distributed computing power with crypto-token (digital currency) rewards for participants bloq.com
  8. 8. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com The distributed computing power provides certainty (via proof of work) to the data via “confirmations” of transactions and a large economic disincentive for malicious actors bloq.com
  9. 9. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com WHAT PROBLEMS CAN BLOCKCHAINS SOLVE? HOW DO THEY SOLVE THEM?
  10. 10. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com Creating “Digital Scarcity”: making it extremely difficult (practically impossible) to double spend Creating immutability: blockchains are unalterable historic records DIGITAL UNCERTAINTY / DUPLICITY – THE “DOUBLE SPEND” PROBLEM – bloq.com
  11. 11. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com A “trustless” system: removing the requirement for an arbitrator for transaction settlement 3RD PARTY & COUNTERPARTY DEPENDENCY – THE “TRUST” PROBLEM – bloq.com
  12. 12. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com OPPORTUNITIES THAT ARISE FROM THIS TECHNOLOGY
  13. 13. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com Blockchains as public technology infrastructure: a greenfield platform for innovation. 
 Blockchain technology allows for the creation of notarised unalterable “fingerprints” of files, which is a great tool for open, secure and permanent record keeping. bloq.com Blockchain digital currencies can be used as secure tokens for any asset 
 Programmable contracts (smart contracts) that can interact with blockchains, or even run on them (eg: Ethereum), allow you to combine record keeping and asset transfer in one application. 
 And More....
  14. 14. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com WHAT PROBLEMS DO
 BLOCKCHAINS CREATE?
  15. 15. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com No real world identity: information only Ownership becomes a matter of what you know, not what you have Novel asset forms are bitcoins a security, commodity, money, etc? 
 What does this mean for regulators/audit/etc ubiquitous liquidity: fixed assets embodied in divisible crypto-tokens Crypto-tokens are superseding traditional regulatory frameworks Legal sovereignty no longer a necessary requirement to produce a currency Borderless asset transfer Smart contracts are incoercible potentially in contempt of court a new legal infrastructure bloq.com
  16. 16. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com REAL ESTATE APPLICATIONS
  17. 17. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com Digital Titles Reducing cost and Due Diligence associated with titles, title insurance Liquidity Faster, more efficient execution = More liquidity New funding sources (crowdfunding) T+0 settlement times Crowdfunding Funding from small investors, non-traditional sources Funding outside normal DD processes, brackets Multi-Signature (2-of-3) Escrow Actor #1: Buyer Actor #2: Seller Actor #3: Arbitrator Blockchain: Holds funds, ensures execution outcomes bloq.com
  18. 18. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com Automating Payments Reducing friction in receiving payments Digital payments are “hard cash” — No bounced checks, no chargeback fraud. Information Veracity Provable data sources Better data = Better insights = Better execution DAO “Decentralized Autonomous Organization” Fully automated, “lights out” management Transparent, audible Exciting + Regulatory challenges Deep Data Additional insight into properties, customers Better investment decisions Real time auditing, real time risk management Maximize sales bloq.com
  19. 19. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com WORLD’S FIRST
 REAL ESTATE
 D.A.O.
  20. 20. © Bloq, Inc. Strictly Private and Confidential. All Rights Reserved. bloq.com Thank You! Jeff Garzik Co-Founder | jeff@bloq.com 770-668-6133 | @JGarzik Matthew Roszak Co-Founder | matt@bloq.com 847-840-2356 | @MatthewRoszak Enterprise Grade Blockchain

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