BLOCKCHAIN - The Opportunities and Challenges of the Peer-to-Peer Platform

1. Real Estate & Blockchain
Alexandra Levin Kramer, Esq., Partner
Chair, Blockchain Technology & Digital Currency
Realcomm LIVE Webinar
December 14, 2017

2. 2017 Token Sales
Source: coinschedule.com
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3. 2017 Token Sales by Industry
Source: coinschedule.com
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4. Real Estate Blockchain Startups
Company Name Country
Origin
Primary BC Service
TRX=transactional (buy, sell, rent)
Total Raised
in Token Sale
Website White Paper
ATLANT Russia TRX $ 6,500,000 atlant.io atlant.io/assets/documents/en/Atlant_WP_publish.pdf
Bitproperty Switzerland Real estate tokenization btptoken.io https://btptoken.io/file/whitepaper.pdf
BitRent UK Real estate construction & development bitrent.io bitrent.io/wp_bitrent.pdf
Blandlord Holland TRX blandlord.com --
Blocksquare Slovenia TRX blocksquare.io blocksquare.io/assets/pdf/Blocksquare-Proof-of-Title.pdf
Bloquid Russia Mortgage backed crypto-assets bloquid.ru --
Brikshares -- -- brikshares.com --
ChromaWay Sweden Property registration chromaway.com chromaway.com/papers/A-blockchain-based-property-registry.pdf
Clicktopurchase UK TRX clicktopurchase.com --
Cleverent Russia TRX cleverent.com --
Cottagecoin Belgium Real estate construction & development cottagecoin.io cottagecoin.io/cottagecoin_wp_en.pdf
CryptoProperties USA Supports TRX platforms cprop.io cprop.io/wp-content/uploads/2017/09/CPROP-Whitepaper-V2.2.pdf
Enledger USA Notary, Energy, Property Reg. enledger.io --
FOAM USA Geospatial mapping foam.space --
LAToken Russia Token trading linked to real assets $ 19,600,000 latoken.com cdn-new.latoken.com/common/files/whitepaper/latoken-whitepaper-en.pdf
Midasium -- TRX/registry functions tracked in real-time midasium.com --
Primalbase Holland Shared workspace $ 7,585,800 primalbase.com --
ProofSuite So. Korea -- proofsuite.com proofsuite.com/media/whitepaper.pdf
Propy USA TRX $ 15,000,000 propy.com tokensale.propy.com/Propy-White-Paper-17-Jul-2017.pdf
REAL (Real Estate Asset Ledger) Singapore Real Estate Crypto-Crowdfunding $ 11,046,562 real.markets real.markets/static/wp/en/REAL_Whitepaper.pdf
REALISTO Germany Real estate investment realisto.io https://realisto.io/files/papers/Whitepaper/REALISTO_Whitepaper_V1.2_EN.pdf
REcoin (Warning: SEC Action) USA Cryptocurrency backed by real estate 101recoin.com 101recoin.com/uploads/en/REcoin-Technical-Whitepaper.pdf
REIDAO Malaysia Fractional ownership reidao.io reidao.io/whitepaper.pdf
REXmls USA TRX rexmls.com github.com/rexmls/whitepaper
ShelterZoom USA TRX shelterzoom.com --
Stayawhile USA TRX stayawhile.com token.stayawhile.com/pdfs/whitepaper.pdf
Smart Real Estate USA Fractional smartre.io amazon.com/clouddrive/share/xonfv3djwOP639GyqHvRSYjvZpuXNky570GvIfjPvYu/RI
2HuDe_QS6jZy9U1NO6hg?_encoding=UTF8&*Version*=1&*entries*=0&mgh=1
Tokens.Property -- Real Estate Crypto-Crowdfunding tokens.property docs.wixstatic.com/ugd/c1f42f_f85272273e814bd0a8ac689ba1fd8765.pdf
Ubiquity USA Deed recordation ubitquity.io --
XRED Belize Real estate development xred.co xred.co/assets/XRED_White_paper_EN.pdf
velox.RE USA Title transfer velox.re --
Warning: This is not an endorsement by IBREA or CKR Law LLP of any company, nor is it a recommendation to buy, sell or hold any security.
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5. Global Applications
• Republic of Georgia: To Develop Blockchain Land Registry (April 2016), Implementation (Jan. 2017)
• Sweden: Land Registry tests blockchain (June 2016), Implementation (March 2017)
• Cook County (Chicago), USA: Pilot of Bitcoin Blockchain-Based Property Title Transfer (Oct. 2016)
• Rotterdam, Netherlands: Trials Blockchain for Real Estate Contracts (Dec. 2016)
• Brazil: Blockchain Land Registry Tech Gets Test (April 2017)
• Kyiv, Ukraine: Blockchain Smart Contract Used To Sell Real Estate For The First Time (Sep. 2017)
• Dubai, UAE: Land Department Launches Blockchain Real Estate Initiative (Oct. 2017)
• Andhra Pradesh, India: Partners With ChromaWay for Land Registry Pilot (Oct. 2017)
• Russia: Government to Test Blockchain Land Registry System (Oct. 2017)
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6. International Blockchain Real Estate Association
www.ibtcrea.org, https://www.linkedin.com/groups/6540665
• Trade association founded in 2013 in Orange County, CA, USA
• 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
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7. IBREA Chapters
Asia & Australia
• Bangkok
• Brisbane
• Hong Kong
• Jakarta
• Mumbai
• Singapore
Europe
• Amsterdam
• Berlin
• Cambridge
• Graz
• Istanbul
• London
• Lucerne
• Madrid
• Milan
• Moscow
• Zagreb
North America
• Chicago
• Cincinnati
• Dallas/Fort Worth
• Denver
• Las Vegas
• Naples
• New York
• Orange County
• Phoenix
• Seattle
• Silicon Valley
• Tampa
• Toronto
• Vancouver
• Washington, D.C.
Latin America
• Mexico City
• São Paolo
Over 3,700 members in 35 chapters in 20 countries
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8. IBREA Initiatives
IMPLEMENT TECHNOLOGY
• Develop a universal property registry and title platform that is open source, non-profit, secure, and scalable.
• Develop a universal digital deed (Token) platform that is open source, non-profit, secure, and scalable.
• 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
• Promote individual real estate transactions to occur using cryptocurrency in any practical role.
• Hold regular MeetUp groups and online discussions, and periodic conferences.
• Bring together professionals including brokers, investors, entrepreneurs, developers, government officials, escrow and title officers.
• Drive online collaboration with Slack channels, LinkedIn, GitHub, and Blab.im.
SET INDUSTRY STANDARDS
• Develop a Best Practices guide to cryptocurrency escrow.
• Identify new standards that will be needed to operate within a blockchain paradigm.
• Identify organizations that are likely to be involved with standards and lead collaboration.
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9. IBREA in 2018
• Create continuing education, certification courses and interactive webinars
• Create public-private partnerships with local governments
• Partner with academic institutions
• Engage more Corporate Partners
• Establish new City Chapters- focus on Latin America, Africa & Asia
• Encourage more meetups (minimum of 3 events per year)
• Provide support for Chapter Chairs, interaction among them
• Organize additional large regional events in Europe, Latin America & Asia
• Launch IBREA Network Token (“INT”)
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10. U.S. Legal Issues
• July 23, 2013: Securities & Exchange Commission (“SEC”) Investor Alert: Ponzi Schemes Using Virtual Currencies.
• March 25, 2014: IRS issues Notice 2014-21, providing answers to frequently asked questions on virtual currency.
• May 7, 2014: SEC Investor Alert: Bitcoin and Other Virtual Currency-Related Investments; FINRA Investor Alert: Bitcoin: More than a Bit Risky.
• February 9, 2017: Congress announces launch of bipartisan Congressional Blockchain Caucus, dedicated to the advancement of sound public policy toward blockchain-based technologies and digital currencies.
• March 10, 2017: SEC rejects proposed rule changes to permit Winklevoss Bitcoin Trust (COIN), a bitcoin exchange-traded fund, to list and trade its shares.
• April 12, 2017: SEC suspends OTC trading of Sunshine Capital, Inc. (SCNP).
• July 21, 2017: State of Delaware passes amendments allowing corporations to use blockchain for corporate recordkeeping purposes.
• July 25, 2017: SEC Report of Investigation: The DAO; SEC Investor Bulletin: Initial Coin Offerings.
• August 10, 2017: SEC suspends OTC trading of CIAO Group, a.k.a. Numelo Technology (CIAU).
• August 24, 2017: SEC suspends OTC trading of First Bitcoin Capital Corp. (BITCF); SEC contacts Protostarr about its US$47,000 ICO, which decides to close and refund to token holders.
• September 25, 2017: SEC creates Cyber Unit to target, inter alia, violations involving distributed ledger technology and initial coin offerings.
• September 29, 2017: SEC files ICO fraud charges against founder of REcoin Group Foundation and DRC World.
• October 17, 2017: LabCFTC, a new initiative of the Commodity Futures Trading Commission (“CFTC”) issues “A CTFC Primer on Virtual Currencies,” in which it states that virtual currencies are commodities.
• October 25, 2017: Class action complaint is filed in the California Superior Court in San Francisco against Tezos, et al, the blockchain startup that raised $230 million in July 2017, alleging that the ICO constituted
the sale of unregistered securities in violation of SEC regulations, and that the defendants made false statements and representations concerning the ICO, violating false advertising and unfair competition laws.
• November 14, 2017: State of Wyoming launches the Wyoming Blockchain Coalition, LLC, advocating the adoption of blockchain within the state, including registering LLCs on a blockchain.
• November 28, 2017: IRS grants limited summons to seek identities of Coinbase, Inc. users engaged in cryptocurrency transactions of $20,000 and over in any one transaction type
• December 1, 2017: CFTC announces that it will allow bitcoin futures trading for three U.S. exchanges; SEC’s Cyber Unit files fraud and securities law violation charges against PlexCorps and its founders.
• December 11, 2017: SEC Chairman issues Statement on Cryptocurrencies and Initial Coin Offerings; Munchee Inc. refunds all ICO proceeds after the SEC finds that its conduct constituted unregistered securities
offers and sales.
• Other: States such as New York, North Carolina, Washington and Hawaii have implemented or will implement rules to regulate digital currency business activity (e.g. requiring a “BitLicense”), applicable money
transmission rules, etc., whereas states such as Arizona, Vermont and New Hampshire are seeking to deregulate the digital currency and blockchain industry.
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11. CONTACT US
Alexandra Levin Kramer, Esq., Partner
Chair, Blockchain Technology & Digital Currency
CKR Law LLP
1330 Avenue of the Americas, 14th Floor
New York, NY 10019
Phone: (212) 259-7300
Fax: (212) 259-8200
akramer@ckrlaw.com
www.ckrlaw.com
OUR LOCATIONS
AKRON | ATLANTA | BEIJING | CAPE TOWN | CLEVELAND | CURITIBA
DJIBOUTI | DUBAI | GUANGZHOU | HARTFORD | HONG KONG | JOHANNESBURG
LONDON | LOS ANGELES | MIAMI | MEXICO CITY | MILAN | MOSCOW | NAPLES
NEW YORK | ORLANDO | OSAKA | PARIS | SAN FRANCISCO | ROME | SEADOONE
SHANGHAI | TEL AVIV | TOKYO | TRINIDAD & TOBAGO | WASHINGTON, D.C.

12. Legal Notice
As blockchain networks, blockchain assets and digital currencies have grown in popularity, federal and state agencies in
the United States, and government agencies elsewhere in the world, have begun to take interest in, and in some cases
regulate, their use and operation. Accordingly, the legal and regulatory environment concerning digital currencies,
tokens and blockchain generally is unclear or unsettled, and in many jurisdictions completely absent.
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