Actions Panel
How Blockchain Will Disrupt The Real Estate Industry
Date and time
Location
George Mason University
Hazel Hall, Room 120 3351 N Fairfax Drive Arlington, VA 22201Description
HOW BLOCKCHAIN WILL DISRUPT THE REAL ESTATE INDUSTRY
May 22, 2018 from 8:30 am to 11:00 am
Room 120, Hazel Hall, George Mason Arlington Campus
3351 N. Fairfax Drive, Arlington, Virginia
Blockchain Is Coming to A Real Estate Transaction Near You. Blockchain technology will propel the real estate industry into a new world of faster, cheaper, safer and more transparent property transactions. In this new world, the traditional role of third party intermediaries will be significantly changed.
This disintermediation will disrupt many of the professions that service the real estate industry including transaction attorneys, leasing/investment brokers, recording/title companies, and lenders. This Roundtable will focus on case studies profiling this disruption, and will be led by speakers who are real estate and industry professionals working daily in the blockchain trenches.
What You Will Learn:
A basic understanding of the blockchain and how it operates. You will be able to explain blockchain to your colleagues and clients.
How blockchain can impact every stage of the real estate transaction: allows direct interfacing between contractual parties; creates smart contracts (e.g. leases, sales, etc.) that are self-administering; speeds the settlement process reducing friction and risk; and automates public real estate records.
The potential of Bitcoin and other cryptocurrencies as viable alternatives to traditional real estate financing.
Barriers to blockchain adoption and a disruption timeline for real estate.
How to prepare for blockchain innovation.
Speakers:
Todd Miller Todd Miller is Vice President, US Business Development of ChromaWay, a company which utilizes blockchain protocols to synchronize commercial databases across multiple enterprises. ChromaWay is introducing blockchain and smart contract technologies to facilitate conveyance and title processes with real estate entities, land registries, and banks in Australia, Brazil, Sweden, and India. Previous to ChromaWay, Mr. Miller worked on digital mortgage initiatives with Fannie Mae and managed innovation projects at Price Waterhouse and HP/EDS consulting.
Drew Hinkes Andrew "Drew" Hinkes is an attorney and recognized authority on legal issues related to the emerging digital currency space. Drew is a co-founder and the General Counsel of a start up investment bank focused on tokenized investment products. Drew is also an adjunct Professor, appointed by both the NYU Stern Business School and the NYU School of Law, where he co-teaches "Blockchains, Digital Currencies and the Future of the Financial Services Industry" to JD/MBA students. Mr. Hinkes has written or been quoted in more than 40 articles on cryptocurrencies, blockchain, and associated technologies, and regularly speaks at legal, industry, and academic conferences. Previously, Drew was a Partner at Berger Singerman LLP. He holds an A.B. in History from Washington University in St. Louis and a J.D. from the University of Miami.
Sponsored by:
Organized by
The Center for Real Estate Entrepreneurship strives to advance real estate research and education in real estate development and finance through high-quality research, educational programs, and community outreach. The Center acts as a catalyst between the George Mason University Master of Science in Real Estate Development and the real estate industry.