Blockchain, real estate, blockchain and real estate, smart contracts
This is the third part of an interview with Mark Lesswing. Mark Lesswing is one of the leading real estate tech authorities in the country, and we discuss what blockchain and better ideas can do to better the real estate industry for both the professional community and the consumer.This is the third part of a three part series.
Mark understands the complete cycle of data in real estate and its use and the organizations involved in the real estate industry. He discusses their role now and in the future.
Timeline topics;
1:00 owners of content and stakeholders can be rewarded
1:17 Winners are consumers, decrease costs
2:00 3 blochchain strenghts, owned locally, community can participate and it can institutionalize and grow markets
3:10 Everybody gets paid and it affects tax base with absentee ownership
3:36 Owners can sell asset, the information is open and payments and growth can be shared and directed in numerous ways
4:45 Big money vs. innovation and resdistribution
5:30 Private ownership that is shareable, trackable, transparent, trackable and directable.
Scalable, cost effective, great analytics and standards all in Google, now
6:15 Old database models are irrelevant, bad direction in older portion of cycle
6:42 How to write smart contracts
8:00 Liberland, an example of how far today's tech has come
9:05 NFTs, and the future of real estate
11:25 Its about treating the consumer well
12:00 Downside to Internet 3.0? Jargon, tools and not easy to start new
12:45 To mkae a solution simple, you have to know your environment and understand the context
14:25 Cost vs value, not even close in going forward
15:45 YouTube, our sexy base that we all know, tie in to Google local search and Internet 3.0
17:15 Evertyhing we have discussed can be done now, with existing technoloty
18:11 BPP had original goals like we are discusssing, then it changed
18:40 BPP does not communicate openly, and it continuing to go in the old tech centralized
19:30 Stefan Swanepoel, talked about the cycles in real estate, we are at the end of a period now
20:00 You dont hear any of this from the MLS, why not
21:00 We have to serve our customers, mls and associations are important service providers
NOT DATA OWNERS
22:30 No discusssion is unacceptable and small groups behind closed doors have created havoc in real estate.
23:40 Mark is learning how to create a contract. Dicsuss how to go into specifics of an actual transcat1.on