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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.
East London based property developer, investor and speaker
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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
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.
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.
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.
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)
The UK’s Land Registry is intent on trialling ‘blockchain’ – the technology made famous by electronic currency Bitcoin. Full/source story