Learn to buy and sell real estate with cryptocurrency

houseofcrowns (30)in #blockchain • 7 years ago

The cryptosphere is barely scratching the surface of full competency for layering thereal estate industry on the real estate and housing sector. I Dr. Lawiy-Zodok (Nebu Nupu) is the author of the new short manual script called to "Learn to buy and sell real estate with cryptocurrency". The little book was written to give a clear and concise sequential procedure of real estate transactions on the blockchain. The manual was written to give current and new participants a comprehensible, recognizable, and replicated system, to standardize a business practice standard for real estate on the blockchain. There is already real property transactions and projects underway on the blockchain. Dubai has the "first major development" to be priced in the virtual currency bitcoin. https://www.cnbc.com/2017/09/05/dubai-real-estate-project-first-to-be-priced-in-bitcoin-michelle-mone.html

According to Deputy Recorder of Deeds for Communication and IT, John Mirkovic, the Cook County Recorder of Deeds Office has been watching blockchain technology closely as a potential next-generation land records system. “We are excited to partner with a group that is actually interested in how this technology can work in real world situations,” said Mirkovic. “A blockchain-based public record is where you would start if you were to create a public land record from scratch, and that’s why I’m so interested in seeing this take a foothold in the United States.”

IBREA will help get local individuals involved with the pilot program on the ground. The organization, which advocates for the use of the blockchain for various real estate-related purposes, will specifically target those with a stake in the local real estate industry. “We’re looking forward to bringing investors, developers, and community members to participate in these blockchain based transactions,” said IBREA Chicago Chair Sead Odzic. IBREA President Ragnar Lifthrasir points out that using a private blockchain has several drawbacks compared to using a public blockchain such as Bitcoin or Ethereum.

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http://www.ibtcrea.org/

“The point of using Bitcoin is that it removes the middleman, eliminates a central point of failure/control, and you don't need permission to use the network,” he says.

While cryptocurrencies such as Bitcoin doesn’t need to be used for a real estate smart contract, it greatly reduces the friction by removing traditional middle-men, according to Lifthrasir.

http://www.bpaybanter.com.au/news-views/will-blockchain-and-smart-contracts-revolutionise

The transactions everyone is waiting for has already been made and will continue to be exercised until everyone the industry across the globe is using the blockchain to process real estate transactions.

https://news.coinify.com/coinify-process-first-nordic-blockchain-currency-real-estate-purchase-just-sold/

Velox.RE successfully completed several tests of a Bitcoin blockchain real estate conveyance with a Chicago property owner. This met the all the legal, procedural, and software requirements agreed upon by the pilot program participants.
While a company reported that it created a token to stand for real estate and sent it to another in 2016, the velox.RE pilot program will allow velox.RE to perform the first known legal and paperless conveyance, where the actual exchange of a token was done in a manner that the grantor and grantee expect to qualify as a legal conveyance. Furthermore, velox.RE, and others who follow can perform blockchain conveyances in all 50 US states. Cook County Recorder of Deeds approved the legal instrument that velox.RE and its user property owner could use to publicly record a blockchain conveyance.

The real estate industry will take a revolutionary turn with the full implementation of cryptography being introduced to the industry. The industry as a whole will have the opportunity to change the power of wealth across the globe. This will give those in far reaching and poverty stricken areas to develop more sustainable living and environments due to the open sharing economy that will be created by the disruptive cryptographic technologies.

The symbol for “Nomni” is ∞ and its code is NMNI. Nibiru Reserve presents the Land Patent Standard as the World’s Global Product, which will be the new Gold Standard for the world using digital technology, backed by Noone Society guarantee of full fate and credit to secure allodial title ownership, and establishing self-endowed funding for self-governing for maintaining the sovereignty of all indigenous peoples & civil societies of the world. We have a premined token of 800 million shares, that we will would like to offer to be used on stable cryptocurrency exchanges, markets, and future banking systems. We look for assistance with development of adaptive user-cases, side-chains, and apps to be created for our digital asset to link in and merge into the already established crytocurrencies network and services. All developers, donors, investors, publishers, and subscribers are welcome to join in on the project.

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