IS BLOCKCHAIN THE FUTURE OF REAL ESTATE? DENITZA TYUFEKCHIEVA

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Edgar Wilkerson
5 years ago
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1 IS BLOCKCHAIN THE FUTURE OF REAL ESTATE? DENITZA TYUFEKCHIEVA

2 WHAT S BLOCKCHAIN? DISTRIBUTED LEDGER TECHNOLOGY DECENTRALIZED - NOT DEPENDANT ON ONE SINGLE ENTITY CREATES A RECORD THAT CANNOT BE CHANGED BUT CAN BE OBSERVED (PART OF IT ONLY IF YOU HAVE THE PRIVATE KEY) CENTRALIZED DECENTRALIZED DISTRIBUTED

3 WHAT S A SMART CONTRACT? ENCRYPTED ON A SHARED LEDGER CAN BE SELF-EXECUTING AND SELF-ENFORCING SAFE (PROVIDED PARTICIPANTS TAKE REASONABLE SECURITY MEASURES) SAVES TIME WITH PAPERWORK AND REDUCES TRANSACTION COSTS

4 MARKET SIZE $217 TRILLION $340 BILLION CROSS-BORDER TRADING INCREASING 13% ANNUALLY

5 PROPTECH IS $50BN MARKET Smart Real Estate PropTech Real estate Fintech FinTech Shared Economy

6 PROBLEMS IN REAL ESTATE > $900 M IN US

PROBLEM THE REAL ESTATE TRADING MARKET TODAY: BEFORE PROPY Lacks unified access to foreign markets Is prone to slow, risky and expensive process of title deed transfer Lacks the

electronic We re purchase building process a decentralized global real estate market with a unified real-time transaction interface approaching electronic stock market exchange

7 PROBLEM THE REAL ESTATE TRADING MARKET TODAY: BEFORE PROPY Lacks unified access to foreign markets Is prone to slow, risky and expensive process of title deed transfer Lacks the facility to pay online, allowing for fraud in payments Is subject to highly centralized and country- and city-specific purchase process Lacks digital standards and protocols for electronic We re purchase building process a decentralized global real estate market with a unified real-time transaction interface approaching electronic stock market exchange platform in functionality and speed. Imagine a world of real estate transactions as you ve never experienced them before: fast, fluid, cost-effective, user-friendly and secure.

8 Blockchain Technology PROPERTY SALE LEASE MORTGAGE IOT BUILDING DATA SHARING

9 BLOCKCHAIN APPLICATIONS IN REAL ESTATE BLOCKCHAIN LEDGER ETHEREUM SMART CONTRACT TOKENS TITLE DEED TRANSFER TRANSACTION MANAGEMENT+ TITLE FINANCING CONSTRUCTION

10 LIMITATIONS OF BLOCKCHAIN SLOWLY AND COSTLY TO BUY FOOD QUICK AND CHEAP TO BUY REAL ESTATE

11 SOLUTION GLOBAL ETHEREUM BASED REAL ESTATE REGISTRY SMART CONTRACT-BASED PAYMENT AND PAPERWORK SYSTEM OWNERSHIP TRANSFER ON BLOCKCHAIN

HOW IT WORKS HOW PROPY WILL CHANGE THE MARKET: WITH PROPY AND BLOCKCHAIN: Propy has developed smart contracts on top of Ethereum, which are compatible with the US legislation and enable buyers from

Propy will develop variations of smart contracts, which will align with regional laws in additional jurisdictions, while lobbying the process to be unified and decentralized globally.

12 HOW IT WORKS HOW PROPY WILL CHANGE THE MARKET: WITH PROPY AND BLOCKCHAIN: Propy has developed smart contracts on top of Ethereum, which are compatible with the US legislation and enable buyers from other countries, such as China, Canada, Middle East, Latin America and others to purchase a property in the US online. Propy will develop variations of smart contracts, which will align with regional laws in additional jurisdictions, while lobbying the process to be unified and decentralized globally. The decentralized Propy Registry is an exchange allowing transfer of digital title deeds=tokens to be traded in real-time. We re Each building token could a decentralized be fractionized to allow global real estate end market users to buy with a share a unified of a property. real-time transaction interface approaching electronic stock market exchange platform in functionality and speed. Imagine a world of real estate transactions as you ve never experienced them before: fast, fluid, cost-effective, user-friendly and secure.

13 HISTORICAL TRANSACTIONS UKRAINE VERMONT, US

14 FIRST PLAYERS

15 ADOPTION WORLDWIDE SWEDEN US UAE UK UKRAINE GEORGIA

16 THANK YOU! Denitza Tyufekchieva VP of Business Development PROPY

17 APPENDIX

18 WHAT S BLOCKCHAIN? DISTRIBUTED LEDGER TECHNOLOGY DECENTRALIZED - NOT DEPENDANT ON ONE SINGLE ENTITY CREATES A RECORD THAT CANNOT BE CHANGED BUT CAN BE OBSERVED (PART OF IT ONLY IF YOU HAVE THE PRIVATE KEY) CENTRALIZED DECENTRALIZED DISTRIBUTED

19 WHAT S A CRYPTOCURRENCY? VIRTUAL CURRENCY USES ENCRYPTION TO MAINTAIN SECURITY AND PREVENT ABUSE BITCOIN, ETHEREUM, LITECOIN, RIPPLE, PROPY SECURITY TOKEN VS UTILITY TOKEN

20 WHAT S BITCOIN? TYPE OF VIRTUAL CURRENCY THE FIRST TO BE CREATED AND THE MOST POPULAR KEPT ON PUBLIC LEDGER

21 HOW DO PEOPLE ACQUIRE AND SPEND BITCOIN? PRIVATE KEY MINING EXCHANGES

22 WHAT S MINING? NEW CRYPTOCURRENCY IS CREATED VERIFIES AND VALIDATES TRANSACTIONS PROOF OF WORK

23 WHAT S A SMART CONTRACT? ENCRYPTED ON A SHARED LEDGER CAN BE SELF-EXECUTING AND SELF-ENFORCING SAFE (PROVIDED PARTICIPANTS TAKE REASONABLE SECURITY MEASURES) SAVES TIME WITH PAPERWORK AND REDUCES TRANSACTION COSTS

24 WHAT S AN EXCHANGE? TRADING OF CRYPTOCURRENCY FOR: ANOTHER CRYPTOCURRENCY FIAT (USD, EUR, ETC)

25 COMMON MISCONCEPTIONS Common misconception is inverted - John

26 WHAT S A WALLET? SECURE DIGITAL ASSET USED TO: STORE SEND RECEIVE CRYPTOCURRENCY TWO KEYS: PUBLIC AND PRIVATE TYPES OF WALLETS (IN ORDER OF SECURITY): EXCHANGE DIGITAL (ONLINE) DIGITAL (LOCAL) PAPER HARDWARE

27 WHAT S NEXT IN BLOCKCHAIN AND CRYPTO? DISTRIBUTED LEDGER TECHNOLOGY COULD BE THE FOUNDATIONAL TECHNOLOGY FOR TOMORROW S GOVERNMENTAL AND FINANCIAL SYSTEMS HUMAN CAPITAL DETERMINES THE FUTURE OF CRYPTO- IMMENSE TALENT IS INTO IT CRYPTOGRAPHIC TECHNOLOGY HAS ENORMOUS POTENTIAL - EVERY MONTH NEW POTENTIAL APPLICATIONS ARE DISCOVERED AND DEVELOPED STILL AT GROUND LEVEL

November 2018 Abstract

etxcoin@outlook.com November 2018 Abstract A purely peer-to-peer version of electronic cash scalable and friendly to use would allow online payments to be sent directly from one party to another without