To register, go to the conference website at http://www.ibtcrea.org/conference/
Presenting the International Blockchain Real Estate Association (IBREA) and its first ever conference dedicated to applying Bitcoin technology to the $38 trillion real estate industry. At this full day event, top professionals from both industries will gather together in panel discussions, working groups, and beach networking activities. Much more than a conference, this gathering will integrate with IBREA’s Slack community, Library, Startup Center, Consulting Services, LinkedIn networking, and AngelList.
TOPICS: Crowdfunding, Smart Contracts, Intro To Real Estate & Blockchain 101, Conveyance & Title, Overseas Real Estate Remittance, Startups & Investing, Industry Adoption & Legal Hurdles, and more. CROWDFUNDING
Crowdfunding with Bitcoin and other platforms has the potential to 1) Remove the need for trusted third parties, 2) Digitize ownership and 3) Automate profit disbursements. A sponsor could raise funds by creating digital shares in a single property and then selling the shares to investors. This means that investors get tokens that represent shares of the property they purchase. The title is on the blockchain. However, legal questions remain about how to match the current system of paper ownership of shares with digital ones.
There's a simpler implementation however. All real estate crowdfunding companies can accept bitcoin as a payment option from their investors. RealtyShares was the first one to do this, starting in February 0f 2014. They said, "Given that we have a global investor base and everything on RealtyShares is electronic and digital, a global and digital currency like Bitcoin is a perfect fit. In fact, about 15-20% of RealtyShares Investors are located abroad. And for these investors, transferring money to the U.S. is not only a time consuming process but also involves various bank and related fees."