I believe that Telos will also tap the real-estate world

Question

Telos Community

Fycee KOY Network | Web 3 Influencer - PH

I believe that Telos will also tap the real-estate world

as what I read before. Do we have plans in doing so?

#blockchain #cryptocurrency #english #telos

0

27.02.2022

10 ответов

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Ajinkya | CreativBlock | Telos

Rami James
I remember that there were some eosio projects tha...

I'd definitely like to see this come to life! Counterfeit documents in real estate is a big issue in India, and the same property is sold to multiple buyer's, causing unending legal issues. Blockchain, at the core just to store records solve a major problem.

0

27.02.2022

Fycee KOY Network | Web 3 Influencer - PH Автор вопроса

Rami James
I remember that there were some eosio projects tha...

This is actually a great point to consider. We are more focused on the DeFi now at the moment. I wish certain level of focus can be well-distributed to enormous projects like this too.

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27.02.2022

Summerskin

@eosdetroit would be happy to work with your team in some way to pull some knowledge from you.

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27.02.2022

Jesse | Telos

Rami James
I remember that there were some eosio projects tha...

@dappdever and his team already did this, tokenized land in Wyoming

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27.02.2022

Brett Jeffery Vote BigIronBPTex! Your support is appreciated.

I have had a couple of meetings with Centro de Recaudacion de Ingresos Municipales in Puerto Rico. They are literally 10 years behind in inputting title transfer information into their records. This was even more apparent after Hurricane Maria in 2017 when people could not get emergency funds from FEMA because they could not prove ownership of their homes. Also, some families have been squatting on the land of others, or government land for decades, and they have a lot invested in their living quarters, but don’t actually own the land.

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28.02.2022

Brett Jeffery Vote BigIronBPTex! Your support is appreciated.

Brett Jeffery Vote BigIronBPTex! Your support is appreciated.
I have had a couple of meetings with Centro de Rec...

The big question they have is how would the blockchain be better than a hard drive, and, of course my big concern is if they are as ineffective at inputting data into the Blockchain as they are presently, I’m not sure we could solve their problems. But discussion is on the table.

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28.02.2022

Adam Zientarski - Detroit Ledger Tech (will never DM for $)

Summerskin
@eosdetroit would be happy to work with your team ...

I think the biggest issue to the adoption of real estate use-cases, such as deeds, is the integration with government entities. In the United States, deeds/titles are managed by individual county clerks of which there can be hundreds depending on the State. I personally see focusing on cities/large metros that fall in a single country as probably the easiest way to get some large scale pilots going. I think Rami also mentioned making sure that we use the correct standard as a base for the nft data schema and gather feedback about how can upgrade the schema. There may be property information that traditionally was not collected that may be valuable now that it can inform smart contracts. The other reason I’m passionate about this especially as it relates to urban areas, is that many cities including Detroit do a terrible job of keeping these records and there have been many cases of families losing their home because Grandma said she is paying the taxes but there’s no proof of them owning it. So having a publicly verifiable ledger of who owns what would be a huge value add for communities experiencing this problem.

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28.02.2022

Fycee KOY Network | Web 3 Influencer - PH Автор вопроса

Hello there Brett. Thank you for this info to strengthen the development of a blockchain technology for Real Estate. I will have @EdwardEkker check on this to be added to the list of possible additional use-cases.

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01.03.2022

Edward T-ID | TCD @Telos.NET | OmniDEX

Fycee KOY Network | Web 3 Influencer - PH
Hello there Brett. Thank you for this info to stre...

Ok…. Don’t go and reinvent the wheel…. This solution is working in our country and it’s called Realestate Register….. It has land ownership data, buildings/installation descriptions, BIM integration for drawings data and building management etc…

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01.03.2022

Rami James · Accepted Answer

I remember that there were some eosio projects that were trying to tackle this space. Mostly, it's a question of how to convince a big partner that blockchain tech has value here. Interesting use cases need to be explored. Physical assets like houses would need a big off ramp if you expect payment to happen in crypto. Nft tech could be applied with a special nft standard for physical goods. Just spit balling but it would be immensely interesting to have houses tokenised, and have on chain nft actions like RENT, and build an Airbnb clone on that

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I believe that Telos will also tap the real-estate world

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