Blockchain Technology Could Soon Be Verifying Real Estate Records
In the future, governments, companies and other institutions could be using the blockchain technology to track and verify the ownership of property records, banking records, securities and anything else posted on an open data platform. Oliver Goodenough, who directs the Center for Legal Innovation at the Vermont School of Law has been studying the potential of smart contracts and automated securities that can automatically and permanently record information and he finds that the blockchain network is the best and most robust way to do this: "Property records, particularly in the developing....
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The Bitcoin cryptocurrency is increasing its popularity all around the world, but many experts support the argument that the real revolution is the Blockchain. An event about real estate and the Blockchain. As we know, the Blockchain has many applications and it can be used in any industry, including the real estate market. In this industry, the Blockchain can be used for property registry and cataloging, transactions, title insurance, security/anti-fraud, and for other key points of enhancement or disruption. Bitcoin’s technology could also be useful for crowdfunding, and for the....
Ragnar Lifthrasir, President of the International Bitcoin Real Estate Association, has become the new Director of Real Estate for Ubitquity. Ubitquity uses the blockchain to help prevent fraudulent transactions in real estate markets, while allowing an improvement on the settling of claims, and tracking the record of ownership across the entire real estate industry. We were able to interview Ragnar, discussing his new role as Director of Real Estate for Ubitquity. What are your thoughts on the Blockchain 2.0? Can bitcoin’s blockchain be improved upon vastly?
89% of all traded security tokens are for real estate, suggesting that the blockchain industry may be primed for further adoption of real estate NFTs. Real estate is an asset class that is ripe for integration with blockchain technology. Security tokens cover many categories but are dominated by real estate. The Cointelegraph Research Terminal is hosting a 33-page report by Security Token Market, a data and media firm, that covers the current state of real estate security tokens and the potential for continued adoption. If you represent a real estate firm or have a portfolio that....
As the lead developer of Ethereum, Vitalik Buterin counters the view by the founder of the International Blockchain Real Estate Association, in hinting that Bitcoin is more likely than Ethereum to split into two in 2017. He stated in a tweet to Ragnar Lifthrasir: Lifthrasir had, in his response to the news that the United Arab Emirates is using Ethereum (ConsenSys) to conduct a real estate records pilot program, described the UAE as “being irresponsible for using Ethereum (ConsenSys) over Bitcoin” for the program. He stated that: “Ethereum is a terrible choice for a real estate database.”....
The year has started with a batch of announcements regarding tokenization in various sectors. On this occasion, a blockchain gaming platform announced its collaboration with Labs Group to issue non-fungible tokens (NFTs) of real estate assets. Global Real Estate Market Is Valued at $228 Trillion According to the announcement, the blockchain real estate company will use the Enjin platform to mint and issue NFTs. People will be able to buy fractionalized real estate assets starting at $100, making the first step into real estate-related investments. As the global real estate market....