City of Rotterdam will Record Lease Agreements on a Blockchain
In a notable endorsement and application of blockchain technology, the Dutch City of Rotterdam is working with Deloitte Netherlands and the Cambridge Innovation Center (CIC) to develop a real estate blockchain application to record lease agreements. First announced by Deloitte Netherlands, the aim of the blockchain pilot project is to conclude legally binding lease contracts “faster and easier” before eventually monitoring rental payments as well. “By implementing additional blockchain applications in the real estate industry, transaction times and costs can be reduced further,” stated Jan....
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Deloitte's Netherlands branch is working with the city of Rotterdam to create a prototype for recording lease contracts on a blockchain. In conjunction with the Cambridge Innovation Center (a real estate services firm based in the US), the project will focus on developing a platform for managing housing transactions. The area is one being explored by several startups, with the Rotterdam trial representing the latest effort to bridge the real estate industry and blockchain. The first part of the process involved building a mechanism for recording lease agreements. From there, those involved....
Prime domain names are always really expensive. Blockchain however had the asset to lease something really special. Blockchain has got the lease for bitcoin.com for the next 5 years. The price has not been disclosed yet but we don`t have a doubt that it cost a real fortune to them. The smart early adaptors bought the best bitcoin related domain back in 2009 and parked it until now. It was a great move as the price of these domains are extremely high now. Bitcoin.com now has 3 menu sections, News, Bitcoin and Search. We are sure blockchain will make some modifications and get a huge traffic....
Communities throughout the Netherlands have embraced the idea of physical and digital alternative currencies, a local newspaper reported over the weekend. According to the Financieele Dagblad, Amsterdam, Nijmegen, Arnhem and Rotterdam have all seen currency alternatives to the euro catch on. In Rotterdam, in fact, there are two: the zuiderling and the dam. Both of those exist as digital currencies, though there are printed zuiderlings in circulation. Both currencies have become useful at the community level as forms of payment, especially for services, according the financial newspaper.
A law firm in New York is reviewing how the use of the blockchain technology can remove many of the manual steps that are required when it comes to executing smart contracts. The law firm, Hogan Lovells, is considering how smart contracts and the blockchain can automatically execute agreements without the need for human interaction, thus helping to free up lawyers time. In a blog from the Wall Street Journal, the use of smart contracts will ensure that terms of a contract are enforced in a faster time; however, this also means that there needs to be a closer relationship between the....
Visa and DocuSign unveiled a new proof-of-concept this week that leverages the bitcoin blockchain for recordkeeping. The project, outlined in a 26th October blog post and debuted at Money20/20 in Las Vegas, focuses on digitizing the process of leasing a car. Bitcoin transactions are used to create a digital fingerprint for each vehicle, with new transactions published throughout the leasing process. "From the driver's seat, the customer then chooses the lease options for the car - low, mid or high mileage, for example and DocuSigns the leasing contract right there and then. This is all in....