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BUSINESS SOLUTIONS Ray, Jason. “Blockchain and CRE: It’s All About Speed To Transact!†LinkedIn.
com, Nov. 15, 2015. https://www.linkedin.com/pulse/blockchain-cre-its-all-
specialized coin which signifies the title to the condominium speed-transact-jason-ray
at issue to Party A. The transfer is then complete, and Party A’s
ownership of the condominium is verifiable through a publicly Oparah, Don. “3 Ways That The Blockchain Will Change The Real Estate Mar-
available record on the blockchain. ket†TechCrunch.com, Feb. 6, 2016. http://techcrunch.com/2016/02/06/3-ways-
that-blockchain-will-change-the-real-estate-market/
“Structuring this transaction as a smart contract ensures that
the transfer occurs as soon as funds are received, and results Hinkes, Andrew. “Blockchains, smart contracts, and the death of spe-
in a publicly available, verifiable record of the transfer. Because cific performance†InsideCounsel.com, July 2014. www.insidecounsel.
the contract automatically performs based upon the predeter- com/2014/07/29/blockchains-smart-contracts-and-the-death-of-speci?ref=h-
mined rules agreed to by the parties to the contract, there is p&slreturn=1459376129
little risk of fraud, and virtually no need for external measures
to enforce performance of the agreement. Thus, no specific Metz, Cade. “SEC Approves Plan to Issue Stock Via Bitcoin’s Blockchain†Wired.
performance action would ever be necessary to compel the com, Dec. 2015. http://www.wired.com/2015/12/sec-approves-plan-to-issue-
transfer after payment is made because the coin, which rep- company-stock-via-the-bitcoin-blockchain/ and transfer private securities
resents title to the condominium, is automatically transferred, http://ir.nasdaq.com/releasedetail.cfm?ReleaseID=948326.
and the transfer is automatically published, to third parties on
the blockchain.†(Hinkes, 2014) Ragnar Lifthrasir is an entrepreneur, advisor, and public speaker
in the application of Bitcoin / Blockchain to the real estate
Summary industry, with over 10 years of experience in development, title
Bitcoin technology is here. Wall Street is using it to issue stock. insurance, and investing. He bought his first bitcoins in 2012 and
It’s time for the sleepy real estate industry to wake up to the founded the non-profit International Blockchain Real Estate
cost savings, efficiencies, fraud reductions and conveniences of Association (IBREA) in 2013. His nascent startup, velox.RE,
blockchain platforms. will bring transparency and liquidity to real estate transactions.
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