Decentralised real-estate ownership through distributed ledger* technology.
Every problem has one or multiple available solutions. In this case, we will focus on one way to tackle the the rent and real-estate price crisis.
While Bitcoin didn't gain recognition immediately after introduction, the software received media attention and with time spread across the masses. More and more people became aware of the innovation and disruption that Bitcoin would bring.
But the real gift that Satoshi Nakamoto would give to the world was not Bitcoin per-se, but its underlying technology, the Distributed Ledger Technology2.
The technology so important, that it gave rise to a wide variety go DLTs, Blockchain being one of them.
A DLT is similar to a database that stores information that cannot be changed after it has been recorded (or is extremely hard to change, depending on the DLT implementation). A simple feature that opens the door to a wide range of possibilities.
This feature solves one of the mankind’s core problems: Trust3.
While the internet made the world more connected by creating border-less communities, it is quite hard to trust people online as you don’t know who is behind the other side of the screen. To tackle this issues, people created intermediaries that mediate communication and transactions between the involved parties.
Services like Amazon, eBay, Facebook, PayPal and some other became big and took overtook the market. Being increasingly hard to compete with, these few companies currently control the majority of the Internet4.
DLTs now have the potential to disrupt the status quo of intermediaries and create a truly decentralised world.
A world, where each individual holds an equal share of the technology ownership. A world of infinite potential: from disrupting Identity and Data Ownership to rivaling Stock Exchanges and Fiat Currencies5.
With the fundamental laws that govern DLTs, we can map individual ownership to the digital data and further map that digital data to a real object, or property specifically, while simultaneously proving the ownership to that asset through cryptography.
This mapping can go even further through the property Tokenisation6. We can map specific property ownership percentiles to many individuals. Thus, we'll create a tamper-proof system where the data once recorded can only be appended and/or transferred, but not manipulated.