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First CRE-Blockchain Job

For a Disruptor, the job is inconspicuous. Titled “Real Estate Lead” this new opportunity for our industry becomes clear only when you get to the Job Summary: “ConsenSys, the leading technology firm in blockchain globally, formed Merido, to create, manage, and trade fractional ownership shares in real estate. Meridio is seeking a senior real estate professional who is excited about the intersection of real estate and blockchain.” CRE-Blockchain opportunities go well beyond real estate ownership. The Washington Post recommends IBM’s “Blockchain for Dummies” as the most comprehensible elevator speech on the subject, “Blockchain is a shared, distributed ledger that facilitates the process of recording transactions and tracking assets in a business network reducing risk and cutting costs for all involved. An asset can be tangible — a house, a car, cash, land — or intangible, like intellectual property, such as patents, copyrights, or branding.” Vermont recently passed a law allowing the creation of Blockchain-based limited liability companies. The city of South Burlington, Vt., started a pilot project to record title and ownership using Blockchain technology.

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