The Possibilities of the Blockchain Technology in the Provision of the Real Estate Rights’ Registration Services

2020 ◽  
pp. 1280-1287
Author(s):  
Andrey N. Sadkov ◽  
Vitalii B. Vekhov ◽  
Nikolay V. Kotelnikov ◽  
Vitalii A. Sadkov
Keyword(s):  
Real Estate ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology

scholarly journals Blockchain and real estate: Dopo di Noi project

2020 ◽  
Vol 38 (2) ◽  
pp. 273-295 ◽  
Author(s):  
Marzia Morena ◽  
Tommaso Truppi ◽  
Angela Silvia Pavesi ◽  
Genny Cia ◽  
Jacopo Giannelli ◽  
...  
Keyword(s):  
Real Estate ◽  
Severe Disabilities ◽  
Trust Model ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Real Estate Sector ◽  
Potential Applications

PurposeThis paper aims at investigating the possibility of effectively implementing the blockchain technology in the real estate environment, specifically applied to the Trust legal instrument in Dopo di Noi (After Us) project, which is intended to guarantee assistance to persons with severe disabilities.Design/methodology/approachThe paper is focused on how to apply the blockchain to the tool of Trust, analyzing the main features and characteristics of this technology.FindingsThe paper proposes two potential solutions for managing the Trust tool in the real estate sector, specifically within the Dopo di Noi project. The first simpler proposal is based on timestamping application. The second one radically changes the classical Trust model and introduces an automatization level in the process.Social implicationsThe paper presents potential applications of the blockchain technology within the framework of Dopo di Noi project, which allows among other features, legal and tax facilitation for the institution of Trusts to benefit persons with severe disabilities.Originality/valueThis paper highlights the potentiality of the combination of the blockchain technology and the real estate environment and applies the blockchain technology to the Dopo di Noi project. Specifically, with the second solution, the paper proposes a platform that gathers, in a single network, various elements of the blockchain technology, such as timestamping, smart property, smart contract, and links them in order to provide services to persons with severe disabilities.

System analysis of the real estate accounting procedure using blockchain technology

2021 ◽  
pp. 864-868
Author(s):  
D.A. Gura ◽  
E.S. Shulga ◽  
N.M. Kiryunikova ◽  
K.B. Baranova
Keyword(s):  
Real Estate ◽  
System Analysis ◽  
English Version ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology ◽  
The Moment ◽  
State Registration ◽  
Real Estate Register ◽  
Accounting Procedure

At the moment, one of the country’s most valuable resources is real estate. Real estate has a special economic and social status, and the legislators of some countries impose special requirements for the real estate registration. On the basis of the documents on the completed transaction, the transfer of ownership is carried out by making changes to the real estate register. The article describes in detail the procedures for the state registration or rights as well as Blockchain technology based on the cadastral accounting procedure for real estate objects. English version of the article on is available at URL: https://panor.ru/articles/system-analysis-of-the-real-estate-accounting-procedure-using-blockchain-technology/73672.html

Legal challenges and opportunities of blockchain technology in the real estate sector

2020 ◽  
Vol 12 (2) ◽  
pp. 129-145 ◽  
Author(s):  
Rosa M. Garcia-Teruel
Keyword(s):  
Real Estate ◽  
Smart Contracts ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology ◽  
Real Estate Sector ◽  
Challenges And Opportunities ◽  
The One ◽  
Legal Methodology

Purpose Blockchain, which was originally created to enable peer-to-peer digital payment systems (bitcoin), is considered to have several benefits for different sectors, such as the real estate one. In a standard European-wide real estate transaction, several intermediaries are involved. As a consequence, these agreements are usually time-consuming and involve extra difficulties to cross-border operations. As blockchain, combined with smart contracts, may have an important role in these transactions, this paper aims to explore its prospective challenges, limitations and opportunities in the real estate sector and discover how the traditional intermediaries have to face a possible implementation of this technology. Design/methodology/approach This paper analyses the current intermediaries in the real estate sector in European Union (EU), their functions and how can blockchain strengthen the security of these transactions while reducing their time. The author uses a legal methodology to approach it. Findings Blockchain, combined with smart contracts, has both challenges and opportunities for the real estate sector. On the one hand, it may improve procedures, allow EU transactions and the interconnection between public administration. However, to not reduce parties rights, this blockchain should have some special features, such as the possibility of being amended. Originality/value This paper provides a valuable overview of all the intermediaries that could be affected by blockchain protocols. It is of interest of blockchain developers, public administrations and researchers who are working on blockchain and property conveyancing.

scholarly journals Blockchain Technology and Real Estate – a cluster analysis of applications in global markets in the year 2021

2021 ◽  
Vol 129 ◽  
pp. 03027
Author(s):  
Philipp Schmidt ◽  
David Elferich
Keyword(s):  
Cluster Analysis ◽  
Real Estate ◽  
Balance Sheet ◽  
Value Added ◽  
Regional Differentiation ◽  
Real Estate Industry ◽  
Financial Industry ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology

Research background: Since the announcement by entrepreneur Elon Musk in the year 2021 about the inclusion of Bitcoin on the balance sheet of his automotive company Tesla, the economic significance of cryptocurrencies for the financial industry is taking on progressive importance. In addition to the financial economic consideration of cryptocurrencies, the underlying blockchain technology is undergoing a disruptive growth across industries – e.g. from automotive to real estate. Accordingly, in the report ‘Deep Shift Technology Tipping Points and Societal Impact’, the World Economic Forum predicted a far-reaching significance of the blockchain technology as early as 2015, and in 2020, the Global Future Council published a finding that the crypto market has reached a point of inevitability. Purpose of the article: The aim of this paper is to examine the degree of integration of the blockchain technology within the framework of a current market investigation using the real estate industry as an example. The leading application areas of the blockchain technology in the real estate industry will be presented. Methods: The market investigation of this paper is based, among other things, on a cluster analysis that examines a regional differentiation of the application areas on a global level. Findings & Value added: In this context, the market research indicates that the blockchain technology can be applied significantly in the real estate industry and that the Global Future Council finding can be replicated in many areas.

scholarly journals The New "Chain" of Title

2019 ◽  
Vol 5 (3) ◽  
pp. 401-420
Author(s):  
Matt Koronczok
Keyword(s):  
Real Estate ◽  
Insurance Industry ◽  
Real Estate Industry ◽  
Real Property ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology ◽  
Land Title ◽  
Title Insurance ◽  
Near Future

Blockchain has recently driven a financial revolution in the realm of virtual currencies, smart contracts, and escrow services. Over the last year, the technology has also been mentioned as a harbinger of change in real estate transactions and land title research. Speculation about the technology’s likely impact in various industries is more warranted in some instances than others. Goldman Sachs, for its part, has suggested that, like other industries which have benefitted from the transparency and efficiency of blockchain technology, the title insurance industry will experience a dramatic boost in the near future. This suggestion, however, fails to recognize both the efficiency already achieved by industry title plants and the extent of legal problems that arise during title research—very few of which blockchain holds promise of mitigating. Public land titling offices, on the other hand, stand to gain significantly by adopting the technology. Because of blockchain’s decentralized and unalterable structure, the technology is useful for protecting records from natural disasters and government corruption. This Comment charts the real property legal issues that blockchain likely will and will not address. Developers and investors will find that understanding what blockchain can and cannot do for the real estate industry is crucial, because blockchain hype looms large and, as Bitcoin’s recently fluctuating prices prove, the way forward for blockchain investment can be uncertain.

scholarly journals Real Estate Information Verification Service with the Use of the Blockchain Technology

2021 ◽  
Vol 9 ◽  
pp. 23-31
Author(s):  
Bohdan Liubinskyi ◽  
◽  
Valentine Ilnytskyi ◽  
Petro Topylko ◽  
◽  
...  
Keyword(s):  
Real Estate ◽  
Banking Sector ◽  
Distributed Storage ◽  
Stable Operation ◽  
Smart Contracts ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology ◽  
Successful Execution ◽  
Information Verification

Blockchain (blockchain — chain of blocks) — Distributed Ledger Technology (DLT). This is a combination of components that includes: peer-to-peer (P2P) networks, distributed storage, and cryptography (hashing and public-key encryption). Popular implementations of blockchain technology include Bitcoin as the electronic currency, which can be used to make money transfer transactions from one wallet to another. This paper considers Blockchain technology and the possibility of its usage to verify real estate information. There is a high demand today in the Ethereum platform for creating any decentralized online services based on blockchain (Dapps), working on smart contracts basis. Ethereum greatly simplifies and reduces the cost of implementing a blockchain. Representatives from various industries are interested in blockchain technology. These are mainly companies from different sectors of the economy, especially the banking sector, stock exchanges, etc. Also known applications of technology to the land register. It is implemented by both large players (Microsoft, IBM, Acronis, R3 banking consortium), and the new startups. The paper analyzes various types of real estate fraud and their impact. The requirements for building the architecture of the real estate information verification service have been collected. The architecture of the reasonable contract which considers all the requirements is offered. To implement the blockchain-based algorithm, a distributed Ethereum database based on smart contracts has been chosen. The built approach itself is based on the use of Blockchain technology. The architecture of the real estate information verification service has been developed using Blockchain technology, which, in turn, guarantees the successful execution of transactions and stable operation, which guarantees the entering, updating, and storing of real estate information and its verification.

scholarly journals Collaborative housing and blockchain

2018 ◽  
Vol 66 (2) ◽  
pp. 59-82 ◽  
Author(s):  
Sergio Nasarre-Aznar
Keyword(s):  
Real Estate ◽  
Transaction Costs ◽  
Crucial Issue ◽  
Traditional Methods ◽  
The Real ◽  
The Real Estate ◽  
Preliminary Discussion ◽  
Blockchain Technology ◽  
Different Types ◽  
Resultant Effect

AbstractAccess to housing is a crucial issue worldwide. It is still under discussion whether collaborative economy is enhancing or, on the contrary, constraining access. In this context, the concept of ‘collaborative housing’ (collaborative economy applied to the funding, access and organisation of housing) arises to address a range of situations that might potentially help people to access housing, such as co-housing or the so-called ‘intermediate tenures’. Disintermediation through blockchain technology, and the resultant effect of a reduction in the transaction costs of access to housing, is one of those trends regarding collaborative housing. Accordingly, the adaptation of the disintermediation mechanism to the real estate conveyance and land registry, as in many other sectors of the collaborative economy, is timely. This can be achieved by exploring the potential of this mechanism in enhancing traditional methods of this sector through possible technological solutions. This paper presents a preliminary discussion on the different types of collaborative housing and the potentials of the blockchain technology to facilitate access to housing in relation to real estate conveyancing and registration.

scholarly journals Blockchain for Real Estate Industry

2019 ◽  
pp. 53-56 ◽  
Keyword(s):  
Real Estate ◽  
Digital Technologies ◽  
Use Cases ◽  
Real Estate Industry ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology ◽  
Real Estate Sector ◽  
High Level

Blockchain technology is one of the latest technologies on the horizon and has evolved over the last 7-10 years. There is tremendous potential for usage of Blockchain technology in today’s Real Estate industry. This paper aims to analyze the disruptive power of Blockchain digital technologies in the real estate industry. This paper will start with an introduction of the blockchain technology and high-level technical overview. It will then go on to discuss the various benefits the Real Estate industry can reap from this technology. It will also put forth various use cases or opportunities in the Real Estate sector for this technology. In the end, the paper will also discuss the present-day limitations and the questions marks over this technology in relation to its usage for the Real Estate industry.

scholarly journals Blockchain based Real Estate using Smart Contracts

2020 ◽  
Vol 10 (6) ◽  
pp. 48-51
Author(s):  
Ryan Fernandes ◽  
Andrew Fernandes ◽  
Himani Jawale
Keyword(s):  
Real Estate ◽  
Current System ◽  
Real Estate Market ◽  
Sensitive Information ◽  
The Real ◽  
The Real Estate ◽  
Security Issues ◽  
Blockchain Technology ◽  
The Real Estate Market ◽  
Real Estate Investments

In today’s world global real estate investments have taken over more than twice the size of the stock market. Even after the dominance of the real estate market there are still a less number of investors due to liquidity and global access to sensitive or critical information. Due to various flaws in security in the current system, the tenants and owners are barely satisfied. The main focus of this paper is to incorporate the use of blockchain in the current real estate market and represent the facilities and advantages it can give to the real estate market. Blockchain based real estate is better because each block contains a cryptic hash of the previous record, a timestamp and transaction data which makes it difficult to forge documents and sensitive information of the investor. Another advantage of blockchain is that it is resistant to any type of data modification.  Blockchain technology can sort out the security issues and forgery incidents that are faced by the real estate market. Also blockchain provides much meaningful assets and insights to the real estate market at a reasonable and stable-priced market. The proposed solution for the selected problem statement is Tokenizing real estate assets refers to a process in which a property owner can offer digital tokens that represent a share of their property. Using a blockchain to track these investments, with each transaction being time-stamped and immutable, makes it possible to limit the risk of fraud.

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