Real Estate Agents Better Watch Their Backs (Web3 Is About To Automate Their Jobs Away)
TL;DR
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Angel investor, Jason Calacanis, made a post on Twitter/X saying he needed to construct 10 new cities in America with a million housing models in every.
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Mark Cuban noticed this and offered up a city that he owns in Texas, proposing they use blockchain tech to handle the deal.
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The usage of blockchain tech means no legal professionals, actual property brokers, or managers are wanted to verify each events are fulfilling their facet of the deal. It is absolutely automated, making the method sooner and cheaper throughout the board.
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That is kinda nuts.
Angel investor, Jason Calacanis, made a post on Twitter/X saying he needed to:
“…construct 10 new cities in America with a million housing models in every. Fully deliberate cities with distinctive affordability, walkability, sustainability, and distinctive facilities that carry pleasure to children, elders, and the working class supporting them.”
Mark Cuban noticed this and offered up a city that he owns in Texas, proposing they use blockchain tech to handle the deal:
“…have written a wise contract on a ZK L2 which can test for a building allow being issued, which in flip will create and ship me an NFT that unlocks and delivers 250k in USDC when the oracle checks property and utility data and determines that home has been accomplished…”
Here is what the hell Mark is proposing in that reply:
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Write a bit of code that checks council data for building permits, and utility data.
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Put that piece of code on a blockchain.
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If/when building permits are filed, ship the cash wanted to start out→full building.
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If/when utility data exist (proving building is full) ship the development firm its revenue.
Here is why this such an thrilling idea:
It solely takes two events to finish the (very advanced) change.
Which means: no legal professionals, actual property brokers, or managers are wanted to verify each events are fulfilling their facet of the deal.
It is absolutely automated! Making the method sooner and cheaper throughout the board.
The loopy half is:
It appears prefer it’s really going forward!
However for now…
The deal shall be achieved the old fashioned way: off the again of a handshake and trusted status.
