Dubai Land Registry Daniel Novy daniel.novy@consensys.net
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A New Type of Company for a New Economic Paradigm Building infrastructure, developing products, serving enterprises and the growing ecosystem INFRASTRUCTURE Build and maintain core developer tools and clients to support platform growth PRODUCTS Incubate new companies and ventures developing decentralized applications CAPITAL Provide token services, crypto asset management and venture capital EDUCATION Educate developers and entrepreneurs about Ethereum through training programs. SERVICES Consult and deliver production ready blockchain solutions for the Enterprise and Government markets ECOSYSTEM DEVELOPMENT Drive ecosystem growth through industry consortiums and focus groups 3 Enterprise Ethereum Alliance Blockchain for Social Impact
Marketplaces & Solutions Products Incubating 50+ projects addressing needs across industry verticals Financial Services Logistics Energy & Natural Resources Government & Education Advertising Entertainment Other Landstream 4
Dubai Blockchain Strategy
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March 14th, 2017 -- ConsenSys has been named the official Blockchain Advisor for the City of Dubai. This is the first ever citywide effort to implement blockchain technology led by the Smart Dubai Office under the leadership of Her Excellency Dr. Aisha Bin Bishr, who serves at the organization's Director General. ConsenSys will be working in collaboration with government officials along with IBM, the project s Lead Strategic Partner. 8
Land Registry
Dubai 10
Land Registry: Goal Track and register all changes that happened to a piece of land since it was a desert until it s transformed into a formal registered property. BUSINESS PLAN MATER PLAN DELIVERY 11
Land Registry: Problem Definition Interoperability Property Identifiers Property Registries Documentation Payments Identification 12
Do we need blockchain??? Interoperability? Property Identifiers Property Registries Documentation Payments Identification?? 13
Land Registry: Problem Definition Tamper proof Once a data is included in the blockchain, it s impossible to change it. Totally distributed Impossible to take down a totally distributed system. No single point of failure. Easy auditability All transactions are public, making it easy to track any past transaction. Impossible to perform an anonymous change. 14
Digital Property Blockchain transforms properties into digital assets, bringing disruptive benefits to the real estate industry Digital Property Automated Property Cycle Integrated legal covenant and automatic payments enabled by smart contracts Digital Asset Management Tokenized digital asset under new ownership models Real-Time Real Estate Instant settlements allowing for new types of real estate investing Instant Purchasing & Leasing Leveraging integrated identity, KYC/AML, financing, payments, and Digital Property services on the platform, buyers and renters can walk into a property, make an offer, get approved, and receive the title or lease, all on-site Borderless Trading For approved international buyers and sellers with established platform credentials, Digital Property can be traded across borders and remotely without the need for transacting parties to meet in-person Real-Time Policy Digital Property is transparent and programmable appropriate government entities have real-time, granular insights into housing markets and the ability to institute new policies and regulations in real-time 15
Landstream - Screens 16
Landstream - Screens 17
Landstream - Screens 18
Remarks Needed to change the law to allow blockchain crypto-signatures First phase will be ready in one month We are now also official advisors for government of India 19
Final word: Crypto-currencies There is no blockchain without a crypto-currency No crypto-currency, no crypto-economics Crypto-exchanges are the link with the real world 20
Thank you! Daniel Novy daniel.novy@consensys.net