The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
Blockchain and the Real Estate Life Cycle
1. Foundation for International Blockchain and Real Estate Expertise
26.03.2019 | Blockchain Summit Frankfurt
www.fibree.org
Blockchain and the Real Estate Life Cycle
Achim Jedelsky, President FIBREE
2. My Road to Blockchain
…………….…………….…….
2016 Winner of internal Daimler Innovation Award with blockchain idea
2016 „Blockchain for Real Estate“ Meetups in Berlin with today >1100 members
2017 Founding member of the German Blockchain Association
07/2018 Co-founder and president of FIBREE
Foundation for International Blockchain and Real Estate Expertise
12/2018 Completion of Real Estate / blockchain PoC at Daimler
achim.jedelsky@fibree.org https://www.meetup.com/de-DE/Blockchain-for-Real-Estate/
@ajedelsky http://fibree.org/
3. The FIBREE Mission
…………….…………….…….
FIBREE aims to be the leading international network for exchanging
knowledge between the real estate industry, the IT sector and
blockchain technology.
4. The FIBREE Mission
…………….…………….…….
Bringing together
the expertise of pioneers and
exchanging knowledge and
insights.
Foster a realistic expectation
that allows the real estate market
to discover the true potential of
blockchain technology.
Contribute to implementation
of blockchain technology
in the real estate industry.
5. What FIBREE Offers
…………….…………….…….
International member network
with similar mindset
..
18 countries and growing
..
Global and regional sponsors
NETWORK
Research the possibilities of
blockchain
..
Inform about the driving
forces in the real estate
markets
EDUCATION
Present your story in our
meet-ups
..
Be found as an expert
..
Access our network partners
VISIBILITY
6. Where we are – in Europe
…………….…………….…….
Most recent additions: Madrid, Hamburg and Brussels
7. Where we are – in the World
…………….…………….…….
Most recent additions: Dubai
8. Key Characteristic of Blockchain basics
Blockchain and the Real Estate Life Cycle context
Example for a Use Case application
Today‘s Agenda
…………….…………….…….
Goal: To get a better understanding where and how
blockchain can be used in real estate
10. Key Characteristic of Blockchain
…………….…………….…….
Blockchain is not useful for everything, but offers new possibilities for dealing with
digital values and processes new business models
Distributed Ledger no ‚single-point-of-failure‘
Immutable trust-worthy source
Direct Transaction no middle-man necessary
12. Immutable
…………….…………….…….
If the data of only one block is changed, the hash value is changed as well
and the tampered blockchain is detected
Block with data/transaction
#7u3...#1z3…#4p6...#6h3...
Cryptographic hash value of al prior blocks
14. Blockchain and the Real Estate Life Cycle
…………….…………….…….
…so where can I use Blockchain in Real Estate?
15. The Real Estate Life Cycle
…………….…………….…….
Occupation
Management
& Use
Demolition
Recycling &
Redevelopment
Planning &
Design
Land & Soil
Construction &
Refurbishment
16. The Real Estate Life Cycle – Possible Blockchain Applications
…………….…………….…….
Certificates
Land Registry
Splitting
BIM
Crowd
OwnershipDigital Twin
Utility Cost
Admission
Control
Lease
Management
Supply Chain
Intellectual
Property
Collaboration
Recycling Negotiation
17. Land & Soil
…………….…………….…….
Land Registry, Negotiation, Splitting
no ‚single-point-of-failure‘
secure ownership information
big effort authorities need to be include
bad scalability big national differences
18. Planning & Design
…………….…………….…….
BIM, Collaboration, Intellectual Property
supports collaboration
transparent and reliable data source
regulation authorities need to be include
interoperability is required
19. Construction & Refurbishment
…………….…………….…….
Crowd Ownership, Supply Chain, Digital Twin
participation in real estate through tokens
transparent tracking of building information
regulation need for guidelines and standards
20. Occupation Management & Use
…………….…………….…….
Management, Utility Cost, Lease, Admission Control
direct transaction, reduced middle men role
tracking of cost & automation of payment
incumbents threat to business models
complex processes no quick win
21. Demolition Recycling & Redevelopment
…………….…………….…….
Recycling Certificates
tracking material life cycle
information is not linked to only one entity
regulation need for standards
long lifecycle long time solutions are required
22. Example for a Use Case
…………….…………….…….
…that’s all nice, but where’s the use for my business…?
23. How to start?
…………….…………….…….
Use the existing process to set the frame for your idea
1. Time
2. Money
3. Goal
The process that makes ‘normal’ projects successful kills off innovation
keep it short
as little as possible
learning is winning
24. Save
Easy
Strength
Vision
Existing and proven process – no deadline that kills you
Something easy to control – no external parties
Areas of strength for blockchain (transparency, shared)
Have a vision for blockchain (ecosystem)
Choose your battleground
…………….…………….…….
Learning is the biggest benefit of innovation
25. Internal Lease Contract
…………….…………….…….
blockchain solution
German
property
Corporation
Holding
company
holds
Database Owner Accountant Tenant Payment
lease
owns
Reduce effort
Increase transparency
Gain insights
27. How to Innovate an Industry that is Booming?
…………….…………….…….
- Be honest: Blockchain is no solution
- Innovation is the key and blockchain just a part of it
- Free-to-Fail-Culture has to be embraced
- Convergence of today’s innovation (AI, IoT, VR,…)
- Meetups vs. corporate training
28. Foundation for International Blockchain
and Real Estate Expertise
www.fibree.org | achim.jedelsky@fibree.org | @ajedelsky
Thank You For Your Attention
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