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BLOCKCHAIN Distributed Ledger Technology

20170511 – General Assembly, ELRA (Brussels)

Jacques.vos@kadaster.nl

“ “Blockchain Tech Will Make Banks Disappear in

10 Years”, Says VP of Russia’s Biggest Bank

20170511 – General Assembly, ELRA (Brussels)

“ “You should be taking this technology as

seriously as you should have been taking

the development of the Internet in the

early 1990s,” [Blythe Masters] told a

recent audience. “It’s analogous to email

for money.”

20170511 – General Assembly, ELRA (Brussels)

“ “Land Registry and Commercial Registers

– they will become obsolete.” (Emerce)

20170511 – General Assembly, ELRA (Brussels)

INTRODUCTION BLOCKCHAIN

20170511 – General Assembly, ELRA (Brussels)

source: kadastermuseum

source: ft.com

8 |

BLOCKCHAIN WILL BRING …

• INFORMATION SYMMETRY

• IMMUTABILITY

• TRANSPARENCY

20170511 – General Assembly, ELRA (Brussels)

source: roelhaen.com

source: olympischsporterfgoed.nl

source: voetbalhetismaareenspelletje.blogspot.nl

source: scheids-assist.nl

13 |

POSSIBLE APPLICATIONS…

• TRACKING & TRACING (AUDITTRAIL)

• ARCHIVING

• DATAMANAGEMENT

OR

• EARMARKING MONEY

• FINANCIAL AUDITING

• MONITORING/ ENFORCING

20170511 – General Assembly, ELRA (Brussels)

“ Through 2018, 85% of blockchain-named projects will deliver business value without

using a blockchain. (source: Gartner)

BLOCKCHAIN & LAND REGISTRY

20170511 – General Assembly, ELRA (Brussels)

Land Registers

OBJECT

SUBJECT

RIGHT IN REM

20170511 – General Assembly, ELRA (Brussels)

Land Registers

OBJECT

SUBJECT

RIGHT IN REM

OWNERSHIP

USUFRUCT

BUILDING RIGHT

ETC…

20170511 – General Assembly, ELRA (Brussels)

Land Registers

OBJECT

SUBJECT

RIGHT IN REM

OWNERSHIP

USUFRUCT

BUILDING RIGHT

ETC…

NATURAL

LEGAL PERSON

LIMITATIONS

ETC…

20170511 – General Assembly, ELRA (Brussels)

Land Registers

OBJECT

SUBJECT

RIGHT IN REM

OWNERSHIP

USUFRUCT

BUILDING RIGHT

ETC…

NATURAL

LEGAL PERSON

LIMITATIONS

ETC…

HOUSES

APPARTMENT/

CONDOMINIUM

CABLES & PIPELINES

ETC…

20170511 – General Assembly, ELRA (Brussels)

Land Registers

OBJECT

SUBJECT

RIGHT IN REM

ARCHIVE

REGISTRATION

INFORMATION

20170511 – General Assembly, ELRA (Brussels)

Blockchain (1) ARCHIVE

REGISTRATION

INFORMATION

Yes, hash/pointer

No, too complex

No, data retrieval

20170511 – General Assembly, ELRA (Brussels)

Blockchain (2) Genesis-block

Governance?

Smart contracts

Who? Quality- issue

DAO, indemnity

Code = law = code

20170511 – General Assembly, ELRA (Brussels)

source: bitsonblocks.net

Blockchain (3) Vendor lock-in?

Bitcoin-based?

Complete?

Who owns data

PoS & no PoW

No, data retrieval

20170511 – General Assembly, ELRA (Brussels)

3 Concepts TRUST

DESIGN

TECHNOLOGY

Decentral & transparant

Network & consensus

Multiple techniques

20170511 – General Assembly, ELRA (Brussels)

Trust as a fairytale? SECURE DATA

IMMATURE

OPEN & TRANSPARANT

C.I.A.? D.I.Y.?

PoW? PoS? DAO?

Transparant: yes,

open? 20170511 – General Assembly, ELRA (Brussels)

In Future?

SMART CONTRACTS

VARIOUS INITIATIVES

STANDARDIZATION

Not all legal aspects

Redundancy & privatization!

ISO/TC307, BIM, etc.

20170511 – General Assembly, ELRA (Brussels)

28 |

TRUSTED THIRD PARTIES…

• VALIDATE TRANSACTIONS

• GUIDE A CERTAIN PROCES

• DRAFT CONTRACTS

• IDENTIFY OBJECTS & SUBJECTS

• ARE AN INDEPENDANT WITNESS

• PREVENT FRAUD

20170511 – General Assembly, ELRA (Brussels)

INTERNATIONAL

20170511 – General Assembly, ELRA (Brussels)

NATIONAL

20170511 – General Assembly, ELRA (Brussels)

Bloqhouse

&

Notary Nodes

KADASTER

20170511 – General Assembly, ELRA (Brussels)

42 |

DUTCH KADASTER DID …

• JOIN THE NATIONAL BC-PILOTS (SHIPS!)

• CONTINUE THIS FEASIBILITY STUDY

• DISCUSS ‘GREENFIELD’ WITH DUTCH NOTARIES

• EXCHANGE VIEWS & KNOWLEDGE

• PILOT A BLOCKCHAIN WITH OPEN DATA

20170511 – General Assembly, ELRA (Brussels)

‘INVENTIVE SOLUTION-THINKERS’’?

20170511 – General Assembly, ELRA (Brussels)

THANK YOU

Jacques Vos

20170511 – General Assembly, ELRA (Brussels)