BitShares Forum

Main => General Discussion => Topic started by: bitacer on October 07, 2015, 12:02:52 pm

Title: UIA and Real Estate
Post by: bitacer on October 07, 2015, 12:02:52 pm

Any thoughts about how to use bitshares in Real Estate ? Can a property deed  be diveded into thousands of shares ? Just brain storming...

Title: Re: UIA and Real Estate
Post by: emailtooaj on October 07, 2015, 12:44:24 pm

This subject has been brought up in the past. I don't have time atm to find the thread, but it had some decent info in it.  It boils down to what you're local/federal/tax laws will allow in terms of regulations and KYC requirements.  I'm actually thinking about this idea again, since I'm involved with the real estate field, and having a discussion with my real estate attorney to see what they suggest to get things moving forward.  This will be a very lucrative field for block chain tech imo.

Title: Re: UIA and Real Estate
Post by: bitacer on October 07, 2015, 01:22:40 pm

Yes ,  I also remember bytemaster briefly answered a question at a conference somewhere . About the laws , thats right everything boils down to a third party acting as an enforcer of the contract.  How do we solve that

Title: Re: UIA and Real Estate
Post by: jsidhu on October 07, 2015, 06:52:03 pm

Does factom help? Storing the contracts/arrangements on the blockchain? What would a UIA do? You still have physical contracts people sign.