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The 3 biggest names in real estate blockchain so far

(TECHNOLOGY NEWS) Blockchain backed technologies are taking over and disrupting all facets of society. These are the three biggest names doing so in real estate.

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It’s almost 2020 and everyday it’s feels more and more like the Jetson’s may’ve been right. Sure, we don’t have any flying cars (yet) but the other technology (ahemm, blockchain) that smartypants all of the world have created proves it.

One of the more recent (to me) and fascinating pieces of tech I’ve been learning about is blockchain and cryptocurrency. More than than, though, is the different applications of cryptocurrency.

I have two words for you — Mind. Blown.

In my recent enlightenment I learned that you can use cryptocurrencies to buy real estate which if you ask me is pretty dope.

Even more so, is that cryptocurrency is starting to be used to disrupt a very large and very old institution — viva la revolution!

The current (and tbh, NEW) big kids in the real estate blockchain space have tokenized fundraising.

Tokenized fundraising is similar to how you buy a subway pass for 15 rides, here you buy “tokens” as part of an Initial Coin Offering (ICO), and they use those funds to build out their product, and the tokens can be exchanged privately between users as their value increases and decreases just like stocks.

These are the three biggest tokenizers right now.

1. Atlant
Symbolized as ATL, Atlant is a real estate blockchain that is hoping to build a “next generation” global real-estate platform using blockchain technology. Atlant currently us using cryptofinancing (ICO) for growth instead of traditional venture capital and shareholders which is much more commonplace. Atlant sees the potential behind the blockchain technology and believe that it can help to accelerate the adoption of the Sharing Economy. That acceleration of the Sharing Economy will hypothetically disrupt the industry and open significant amounts of untouched private capacity and tokenization of property. They hope that the disruption will alter real estate transactions and ownership transfer entirely. Atlant allows users to trade parcels of property on their platform while bypassing intermediaries in rental deals and transact peer to peer so that users feel more secure as well as make it easier to use.

2. REAL
Also trying to disrupt real estate is Real Estate Asset Ledger aka REAL. REAL’s aim is to initiate a real estate investment revolution that will increase market liquidity and remove the barriers that prevented ordinary investors from reaping real estate profits in the past. REAL plans to do so by taking real estate investing and moving it onto the Ethereum blockchain and enabling the average investor to build a real estate portfolio. A cool feature about REAL is that property owners and developers must apply to have their assets tokenized and listed on the REAL crowdfunding website. Then the REAL team – which is composed of successful entrepreneurs, venture capitalists, and developers who have already invested $350,000 of their own funds in the project – carefully analyze the properties to select the ones that will provide investors with the greatest long-term value. So the people making decisions have skin in the game too which means you don’t have some Joe Shmo investing all willy nilly.

3. Propy
Propy is an option we’ve already covered but is worth including in this story too. Propy also sees the problems facing international real estate transactions and wants to fight them by creating a unified property store and asset transfer platform for the global real estate industry. They, too, offer peer-to-peer value exchange, with service limited to facilitation and an absolute minimum of middleman involvement. Initially the Propy Registry will look and feel like official land registry records in which transfers of real estate are recorded. However, Propy’s big dream is that jurisdictions will adopt the Propy Registry as their own official ledger of record so that the transfer of a property on the Propy Registry constitutes the legal transfer of the property and the legal registration of that transfer.

This story originally published in October, 2017 and these remain the top three so far.

Kiri Isaac is the Web Producer at The American Genius and studied communications at Texas A&M. She is fluent in sarcasm and movie quotes and her love language is tacos.

Real Estate Technology

Beef up your security against COVID with this new environmental sensor suite

(TECH NEWS) This new security sensor can help protect your company from COVID-19 and monitor the overall health of your building.

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Office setting, with spaced employees for security against COVID.

Verkada, the cloud-based physical security company, is modernizing the world of enterprise building security by enabling customers to proactively respond to COVID-19 in the office.

In June, Verkada introduced its COVID-19 Response Suite. Part of the this release included People Heatmaps. This new feature allows organizations to “identify areas that are prone to overcrowding, and find ways to disperse traffic”. In other words, it helps ensure employees are practicing social-distancing.

This week, Verkada announced the release of its new environmental sensor product line, and its product, SV11. This all-in-one environmental sensor monitors changes that are happening in your physical space. The product is made from photochemically engineered stainless steel mesh that filters out large particles. The integrated sensors measure air quality, temperature, humidity, motion, and noise. Then, all the data is reported back to users for regular monitoring and analysis.

“The SV11 sensor is a cloud-based sensor that seamlessly integrates with the Verkada ecosystem of products,” said Jeff Chase, a product marketing manager for Verkada, in a recent video. “The SV11 can be used across all indoor environments and can meet the needs for a wide range of use cases, including simple remote monitoring of facilities.”

In the security system’s web-based command platform, users can see all the sensors, and can quickly scan real-time data for each location. Live footage and current readings are easy to view. Custom thresholds can be set for each sensor so a user can receive alerts as they happen. This is helpful so you can know when a server room is getting too warm, or when the TVOC (total volatile organic compounds) level is too high.

“Our customers are responsible for the systems that keep facilities online, and our mission is to give those administrators the best possible tools to do their jobs,” said Filip Kaliszan, CEO and co-founder of Verkada. “Whether it be monitoring the status of a server room, the temperature of a patient room in a hospital, or the air quality of a school, the SV11 gives facilities and staff unprecedented visibility and control over the sites they’re responsible for keeping safe and secure.”

With more companies bringing their workforce back into the office, Verkada’s security system can give them visibility on what’s going on at work. And with the valuable information rendered by the sensors, they can gain insights into what they can do to keep their employees safe.

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Real Estate Technology

Is Internet access a basic human right? T-mobile thinks so

(TECH NEWS) Last year, T-Mobile announced a plan to bring free and at-cost internet access to 10 million homes in the US; 2020 has made this mission crucial.

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Student viewing internet on tablet.

Modern classrooms practically require students to have access to the internet in order to succeed. This was the case well before COVID forced a national switch to remote online learning.

It’s hard enough to rely on public computers and WiFi networks to complete school work under ordinary circumstances — and I speak from experience there. But campuses, libraries, and cafes are still closed or limiting access in most places. The school year is already a month in progress, yet the struggle to get online is still too real.

This was captured perfectly in a photo that received viral attention on Instagram when the fall semester started: Two teenagers seated on the ground outside of a Salinas Taco Bell, using the restaurant’s internet for their schoolwork.

Fortunately, in their case, the girls’ school district was able to help them obtain a Wi-Fi hotspot. And they’re continuing to distribute hotspots and laptops widely to its student body.

In light of this, T-Mobile is investing $10.7 billion dollars over the next 10 years into ensuring youth are no longer put into situations like that. The company is partnering up with school districts to provide students with a free wifi hotspot and 100 GB of data year (or roughly 8 GB of data per month).

An estimated 16.9 million US youth currently lack internet. In a recent interview with the Associated Press, T-Mobile Chief Marketing Officer Matt Staneff cites his concern that a majority of school-age kids consider homework to be a major source of stress in their lives.

Of course, telecommunications companies are clearly aware of how much our educational systems depend on the internet. It is unquestionably the most comprehensive collection of human knowledge and culture ever. It can no longer be considered just a luxury or a novelty. It’s a critical tool for academic and career success.

While he acknowledged the potential business opportunity in providing schools with internet connectivity, Stanek claims T-Mobile’s intentions are good. He stated, “We recognize there’s a problem in society of kids not being connected. We want to do more than just try to win customers. This is a huge problem.”

Staneff concedes that suitable Internet access extends to hardware, too: “[sometimes students] need a bigger screen, which is why [T- Mobile is] also offering at-cost, larger-screen devices.”

But even if T-Mobile has the best intentions, the fact remains that they aren’t a charity. Service providers like T-Mobile would probably not be too happy about the lost “business opportunity,” should tablets and internet access be made freely available to every student. The schools are public, and they rely on the internet, yet the internet is privatized.

The responsibility to solve the civic issues brought on by the pandemic is increasingly falling onto the private sector. If T-Mobile is willing to offer the money and infrastructure to help kids get an education, that’s a step in the right direction.

Yet it prompts the question: Should we consider internet access to be a human right? Because as long as the web remains corporately controlled and commodified, the access gap will persist and our schools will pay the price.

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Real Estate Technology

The real reasons we’re all obsessed with spy machines (I mean smart speakers)

(REAL ESTATE TECHNOLOGY) Regardless of privacy issues with them, what does information about smart speakers, ownership, and usage tell us about future trends?

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smart speakers scare me

I don’t trust smart speakers, but even I can (begrudgingly) admit why they might be convenient. With just a simple wake word, I would be able to do anything from inquire about the weather or turn down my own music from across the room. And the thing is, plenty of people have bought into this sort of sales pitch. In fact, the worldwide revenue of smart speakers more than doubled between 2017 and 2018. And it’s projected that by 2022, the total revenue from smart speakers will reach almost $30 billion.

With over 25% of adults in the United States owning at least one smart speaker, it’s worth figuring out how we’re using this new tech…and how it could be used against us.

First things first: despite the horror stories we hear about voice-command shopping – like when a pet parrot figured out how to make purchases on Alexa – people aren’t really using their smart speakers to buy things. In fact, in the list of top ten uses for a smart speaker, making a purchase is at the bottom.

Before you breathe a sigh of relief, though, it’s worth knowing where advertisements might crop up in more subtle places.

Sure, people aren’t using their smart speakers to make many purchases, but they’re still using the speakers for other things – primarily asking questions and getting updates on things like weather and traffic. And I get it, why scroll through the internet looking for an answer that Alexa might be able to pull up for you instantly?

That said, it also provides marketers with a great opportunity to advertise to you in a way that feels conversational. Imagine asking about a wait time for a popular restaurant. If the wait is too long, it creates the perfect opportunity for Alexa to suggest UberEats as an alternative (promotion paid for by UberEats, of course).

Don’t get me wrong, this is already happening when you search Google on your phone or computer. Search for a tire company, for instance, and the competitors are sure to appear in your results. But as more and more consumers start turning their attention to smart speakers, it’s worth being aware that they won’t be the only ones.

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