At the International Conference blokcheyn-Estate Association recently held in Newport Beach, California, the company's co-founder Jeff Bloq Garzik spoke about the main properties blokcheyna, which can be used in the real estate market.
"I feel that blokcheyn property and have a mutually reinforcing relationship. I believe that in this area coming dawn of a new era ", - said Garzik.
As an example of blokcheyna Jeff Garzik led Honduras, where people are interested in this technology as a data store on property rights. The reason for this became corrupt politicians, capable of a bribe to change the entries in the corresponding database. It is the ability to resist corruption blokcheyna turned the bitcoin developer with experience on the idea of using this technology in other areas.
In particular, Jeff Garzik believes that special potential use blokcheyna have regions affected by the war and "failed states".
"They can do away with the past and ensure that all segments of the population, including the poor, will have access to the same information that everyone else" - he says.
Thus, the use of a distributed registry technology bureaucrats leave fewer opportunities to cheat people. Another advantage blokcheyna use in the field of real estate trading is the ability to eliminate the third party in the transaction.
"Blokcheyn bitcoin and can give a second wind to business processes, because they eliminate the need for the presence of a third party, certifying the transfer of rights between two people, which means that the transaction costs will decrease", - says Jeff.
Now, however, there are problems in the implementation of such ideas. So, one does not exclude the possibility of loss of private keys, or the transfer to the wrong address. But if these shortcomings are eliminated, the management sector and trade real estate will open a new world.
It should be noted that the chairman of the Association Liftrasir Ragnar and his team from the beginning of 2015 working on blokcheyn application that will significantly simplify the whole process of transfer of property rights.
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