GBA at the “Legal Challenges of Blockchain Technology in Real Estate” Panel Session (Video)

John Dean Markunas September 12, 2021
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It was an honor to have represented GBA at the Blockchain in Real Estate 2021 Conference (BIRE2021) on September 9th.

The “Blockchain in Real Estate” conference – BIRE2021 – an extremely well-organized event  organized by Blackarrow Conference.com

I joined 3 other international experts in a broad discussion – where we were not always in agreement. Panelists: Nishith Desai (India)  Axel von Goldbeck (Germany)  Jared Wachtler (USA)  Moderator: Jamil Hasan (USA)

My main reference points in relation to the moderator’s questions on legal challenges fell under the following themes:

  • Legal challenges in real estate investment and transactions using blockchain are regulatory, tax, AML, identity.
  • Legal challenges with contentious issues:  support of existing case law, smart contracts (how will issues be resolved?)
  • The overall arching problem: 1)  the lack of universal standards identification, digitization, custody, recording procedures, etc., 2) contra contracts’ legality and 3) identity verification of the involved parties in relationship to authorization, notary, fiduciary legal capacity.

Join me in revisiting this exceptional 47-minute blockchain session:
Legal Challenges of Blockchain in Real Estate

 

Regards,

John Dean Markunas

GBA Leader, Land Registry Working Group

Categories: Uncategorized
John Dean Markunas
Principal Consultant at Power of Chain Consultancey. Blockchain real estate industry advisor and business development consultant with a focus on improving global land registries, cadastral and land governance through thoughtful use of blockhain technologies. Member of FIBREE (Federation of International Blockchain and Real Estate Expertise). NYC Chapter Co-chair. Leader of GBA's Land Titling Working Group providing education, advising and blockchain implementation guidance to land registry and recording offices. Email: jmarkunas@PowerOfChain.com

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