Blockchain and Real Estate: Embracing Disruption

The concept of a distributed ledger was originally invented as the underlying technology of the cryptocurrency Bitcoin. But IBM, Microsoft and many other industry segments have recognized the applicability of blockchains in environments other than cryptocurrencies.

Blockchain is an emerging way for businesses, industries, and public organizations to almost instantaneously make and verify transactions—streamlining business processes, saving money, and reducing the potential for fraud. At its core, a blockchain can be the infrastructure that’s used to create a digital transaction ledger that, instead of resting with a single provider, is shared among a distributed network of computers.

The industry trade press, however, has not presented the true value of blockchains. Their efforts to "dumb down" the technology has included sensational titles, false prophets, and thin business cases. This has left us with an ill-informed community and a lack of any sense of urgency. Industry segments related to ours are already moving towards blockchains so we need to move forward.

This session will present:

• The new and more inclusive business models that are possible now with this technology
• The private versus public ledger debate
• Smart Contracts and Multi-channel event participation
• Demonstrations of Blockchain based RE Applications (Ethereum)