Search results for: “blockchain”
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Can Blockchain Help Turn Vacant Buildings Into Homes Again? Baltimore Thinks So.
The city of Baltimore plans to record all its 13,000+ empty houses and townhouses on the blockchain. And it all started with Ebony Thompson’s class project.
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Can We Record Deeds on the Blockchain?
Blockchain, the underlying technology of cryptocurrency, is a digital recording system, leading innovators to wonder if it could solve challenges in deed recording. The U.S. deed recording system is tried and true. At the same time, title defects and tangled titles are much too common. Additionally, deed fraud harms vulnerable homeowners.. What if our title…
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Blockchain for Real Estate: It’s Coming.
If you’ve ever bought a house, condo, or co-op, you’ll know it’s a major process. Many joyful buys took a good deal of trudging through weeks of stressful communication challenges. The journey was loaded with people, paperwork, and fees. Why do we put ourselves through it? Because getting into the market is a key wealth-building…
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Digital Real Estate Titles? Watch What Wall Street Says About Blockchain
Some of Wall Street’s biggest banks — Goldman Sachs, JPMorgan Chase, the list goes on — are quietly integrating blockchain, the technology that spawned bitcoin, into their businesses. In fact, Wall Street firms have been experimenting with blockchain for years. Regardless of what bitcoin does, blockchain technology will flourish. Tom Farley, ex-president of the New…
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Blockchain for Good: Can Smart Contracts Play a Community-Building Role?
Holding the deed to real estate is long associated with stability and financial security. What if some of that security could be shared by — and build up— communities? This article is a thought experiment. Let’s imagine how things could play out if local residents could invest small amounts in a building. How would this…
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AI and Blockchain: Their Blended Impact in Real Estate
Artificial intelligence (AI) and blockchain technology have been converging. Both are transforming the way real estate works. AI is about to change the way we create (and look for) listings. It’ll change the way our brokers and lenders gather and use knowledge. And it will change the way investors crunch numbers and make profits.
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Here’s What Citigroup Says About Blockchain for Real Estate
Citigroup is a leading global investment bank. And it says blockchain “could be a good fit” for real estate. Traditional real estate often lacks transparency, relies on a lot of middle people, and is generally cumbersome to sell, according to Citigroup’s new report Money, Tokens and Games: Blockchain’s Next Billion Users and Trillions in Value.…
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In Blockchain, “Trust Will Be the New Killer App” Says Major Accounting Firm PwC
One of the “big four” accounting firms, PwC (PricewaterhouseCoopers), has published its 2023 Digital Asset Predictions. Under the headline 5 Crypto and NFT Trends That Matter Right Now, the company says “trust will be the new killer app.”
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Texas Lawmaker Group Says Blockchain Could “Revolutionize” Deed Recording
The Texas Blockchain Council (TBC), part of the Texas Innovation and Technology Caucus, is a bipartisan group of Texas lawmakers focused on advancing the state’s tech sector. The Governor appoints the 16-member Work Group. On their agenda? A pilot project for blockchain-based recording of real estate deeds.
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New Hampshire and Texas: Both Looking at Blockchain for Deeds?
Governor Chris Sununu intends to make New Hampshire “a leading jurisdiction for the development of sound and effective applications of blockchain technologies.” This comes on top of a new report from the Governor’s Commission on Cryptocurrencies and Digital Assets, which says blockchain offers improved methods for recording real estate deeds and other title documents. Change…
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The Path Ahead for Blockchain, Web 3.0, and Crypto Real Estate
Between recession fears and a multi-billion-dollar scandal involving the now-infamous Sam Bankman-Fried and friends, all things crypto were on the defensive in 2022. Can they recover in 2023? And what about blockchain in the property investment area? Any signs of life?
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Blockchain in Real Estate: An End-of-Year Reality Check
This year in cryptocurrency, we witnessed the speedy rise and fall of Sam Bankman-Fried (“SBF”), whose $32 billion company FTX filed for bankruptcy in November. After the spectacular crash of FTX, it’s never been clearer: Controlling types who invent new coins for the market may come, and they may go. Blockchain is the technology that…
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Could Blockchain and Artificial Intelligence Remove Bias From the Mortgage Process?
In 2017, a small business came up with a fully online mortgage tool. The founders called it an intelligent mortgage adviser, and named it Home Lending Pal. It’s meant especially for first-time home buyers. The platform uses artificial intelligence (AI) to help them become home buyers. Its application criteria do not include race, age, gender…
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FTX Scandal: What Just Happened to Cryptocurrency, and Does It Affect Blockchain?
In March 2022, the White House formally accepted blockchain and crypto as valid innovations with strong use cases, important for U.S. technological progress. But any commercial innovation has to be balanced with consumer protection. And it can’t come soon enough. A (formerly) $32 billion cryptocurrency company just plunged into bankruptcy, its founder now being questioned…
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Is Blockchain Stuck in a Bottleneck?
Blockchain is a perfect fit for real estate contracts. How so? Just imagine you’re signing a home purchase contract. You, like the other parties in the deal, have your copy of a smart contract. Not a third party — you. The contract’s terms and contingencies are entered as code in a blockchain network. Once a…
