Friday, 13 January 2017

Blockchain for Real Estate Meetup Berlin 12.01.2017



The Berlin Meetup Blockchain for Real Estate 12.01.2017 was a big success.

Both presentations
Trent Mc Conaghy: How To Identify Blockchain Opportunities in Real Estate
Prof. Katharina Adam: The Challenges of Starting a Blockchain Venture in Real Estate

were full of information on "how to" and "how not to" for either side of the isle, which in this case were "info techies" and "real estate". We actually got along very well, me being a real estate guy. We were in awe of the wealth of information and I still am.


We had a warm welcome at Immoscout24




Trent's information is available on bigchaindb.com and it is fascinating. Only in hindsight after looking at the websites I have become aware that some of the "searchability" and "scalability" of Blockchain is a project and not an upgrading of blockchain but a mimicry of a conventional database acting like blockchain. I am sure it can work if people can believe in the security of it and the processes are transparent which "the project" is working on diligently. More information here:

 

For Katharina's presentation, I have to feel sympathy as you don't see many presentations of things gone wrong. Being a professor at the HTW Berlin she believes in teaching and it was of great value for anyone trying to break barriers. Being German myself  I can appreciate the obstacles she was up against. The project was a shortcut in the property register in a sales process, turning 6 weeks into minutes. Guess what the reply was she received: "Good idea but how dare you question our processes?  That was the end of a promising idea. So beware, coming to Germany you have to reckon with beaurocracy older than, ... well think of some thin really old.

I am looking forward to the next Meetup on "Blockchain for Real Estate" on March 9th.


https://www.meetup.com/Blockchain-for-Real-Estate/

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