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

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 ┬áorganized by Blackarrow

I joined 3 other international experts in a broad discussion – where we were not always in agreement.┬áPanelists:┬áNishith Desai (India) ┬áAxel von Goldbeck (Germany) ┬áJared Wachtler (USA) ┬áModerator:┬áJamil 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: ┬ásupport of existing case law, smart contracts (how will issues be resolved?)
  • The overall arching problem: 1) ┬áthe 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



John Dean Markunas

GBA Leader, Land Registry Working Group

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