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    • Technology

    Will blockchain solve my property headaches?

    Replies 6 Views 560 Activity 2 months ago Users 3
    Go to first unread post
    Nicole Bremner 1 May at 23:26

    I've been asked to speak at the Future:PropTech conference on Thursday in London. I honestly thought I'd be discussing installing CAT5 cables and intelligent boilers. But it seems that there's so much more to this proptech. A few of my followers on Twitter mentioned blockchain. I had no idea what it even was so went to bed this evening with a beginners guide. Unfortunately/fortunately it's keeping me awake now thinking about the possibilities for solving all my problems (property ones sadly).

    I've written up my thoughts here on LinkedIn but I thought I'd also copy the piece here for your comment too but it didn't seem to copy across properly. I'll try again later.

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    East London based property developer, investor and speaker

    East-Eight.com

    Follow Me: Facebook Twitter Snapchat

    pipllman 2 May at 08:56

    Blockchain will not solve any property headaches next week

    It does have the potential to solve some at some point in the future - the ones it solves first are likely to be in the financial side of things rather than planning (and may be lender's problems: e.g. helping with credit checks / underwriting decisions)

    Not many people are expecting planners to be early adopters. It could happen I suppose, but starting from here, I would say it is very unlikely that any part of the planning process will touch a blockchain anytime in the next 5 years


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    Vanessa Warwick 2 May at 09:01

    I agree with JP.

    The property sector is notoriously resistant to change and adopting tech.

    When I was posting nine years ago about the importance of the social web and social media for the property sector, I was pooh-poohed.

    People told me networking was a joke and that landlords didn't need technology, they had their spreadsheets and their post-it notes.

    When Nick and I started recording videos, we were pooh-poohed.  Now we have over 500 videos and 300K views and rising fast.

    I am so glad we started all this 8 years ago but there is still a long way to go for the property sector to get on board with tech and leverage it for the benefit of consumers.

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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
    Nicole Bremner 2 May at 10:37

    I completely agree. This is years and years off. But isn't it exciting to consider? I'm going to write about the finance sector next as the Fintech/Proptech market can be far more responsive than the public sector. I just feel excited about a more streamlined future.

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    East London based property developer, investor and speaker

    East-Eight.com

    Follow Me: Facebook Twitter Snapchat


    Vanessa Warwick 2 May at 10:48

    For sure Nicole.  More efficient, more transparent ... what's not to love?

    Back in March 2012, I wrote - Are you going digital in your property business? 

    See also - Arthur Online, Echo Sign, and other useful Apps.

    ​

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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**

    pipllman 2 May at 13:44

    Early investors in some of the associated technologies and products might do well enough (financially) to turn a modest investment into a sum that might help their property business later on.

    Then again, they might easily lose the lot. Very quickly

    (Disclosure: I hold some bitcoins and have investments in a couple of 'fintech' startups)

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    Vanessa Warwick 25 May at 08:44

    The UK’s Land Registry is intent on trialling ‘blockchain’ – the technology made famous by electronic currency Bitcoin. 

    Full/source story

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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**