Blockchain and Its Impact Joseph Larkin, ACS, CCIM, MCR, SIOR, SLCR - - PDF document

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Blockchain and It’s Impact

• n Real Estate

Blockchain Will Change the Landscape of Real Estate

Welcome

Joseph Larkin, ACS, CCIM, MCR, SIOR, SLCR

• Over 40‐years of CRE Experience
• Awarded the CCIM Instructor of the year

award on 3 separate occasions

• Adjunct Professor University of Denver
• A Real Estate Futurist

Denver, CO Joe_Larkin@Outlook.com

Overview

• Bitcoin – what it is and its relationship to Blockchain
• Blockchain. Internet. Real Estate
• Western European Real Estate Blockchain
• Potential future changes in real estate

Module 1

Overview:

• 1. Stocks
• 2. Bonds
• 3. Cash
• 4. Real Estate

Real Estate Has Become an Asset Class

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What is Bitcoin?

How Did the Internet Change the Real Estate Industry? The Internet Delivers Information Blockchain will Secure Information

Joe Larkin, CCIM, MCR, SIOR SLCR

• The blockchain technology that underpins

cryptocurrencies such as bitcoin could change the way real property deals are done and recorded ‐ more than any other new technology.

• Potentially a BIG change to the real estate

landscape! Blockchain Technology

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• Speed up transactions
• Reduce costs
• All transactions have specific requirements to be

recorded and open to the public and visible to all

• Tamper proof
• Transparency

Blockchain

Federal Government State Governments Regulatorily Consumer Groups Private companies

Who will drive the Blockchain in the US?

• A standard analysis
• Recording and transferring of title could take

hours instead of months.

• The standardization of contracts and agreements

could impact lawyers, as well as, real estate agents

• Smoothing out of the real estate cycle
• Information available to all

Blockchain Has Many Benefits

Thoughts on Blockchain

• Blockchain is a foundational technology
• It has the potential to create new foundations for our

economic and social systems.

• It will take time for blockchain to seep into our

economic and social infrastructure.

• The process of adoption will be gradual and steady as

waves of technological and institutional change gain momentum.

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Thoughts on Blockchain

• Blockchain‐led transformation of business and

government is still many years away.

• That’s because blockchain is not a “disruptive”

technology, which can attack a traditional business model with a lower‐cost solution and

• vertake incumbent firms quickly.

Opportunities

• Standardization of contracts
• Smoothing the real estate cycle
• Standard capitalization rate
• Not all cap rates are the same. A standardization of capitalization

rates will be established.

• Standardization of contracts for all real estate transactions.
• Universal real estate license – all of the states
• Recording and transferring of title faster
• Fractional ownership using Bitcoin

What’s Happening Now!

“Historically, real estate has been an attractive investment option only accessible to institutional shareholders, but tokenized real estate is set to change that so the financial barrier to entry becomes almost non‐existent,” said Denis Petrovcic, Co‐ Founder and CEO at Blocksquare. “With Blocksquare’s tokenization model, brokerages can sell a property to 100 buyers rather than just one, which enables deeper markets and improves liquidity. Blocksquare gives consumers who have money to spend, but don’t want to put it all into the same property the option to hold stake in multiple properties, minimizing the risks associated with real estate ventures and paving the way for a new real estate market powered by blockchain.”

http://blocktribune.com

Thank You!