Is it a Property or a Parcel?
Consumers refer to properties using an address but when buying and selling, what changes hands is called a parcel. Counties record parcel transfers to protect owners’ real property rights. Parcels pre-date the postal system. Record keeping is performed at the parcel level because it is possible to sell real estate that does not have a…
The Square Deal and Fair Compensation
At the turn of the century, Theodore Roosevelt introduced a domestic policy known as the Square Deal, which emphasized “substantial equality of opportunity and of reward for equally good service.” Theodore Roosevelt, “The New Nationalism,” in The New Nationalism (New York: The Outlook Company, 1910), 3-34. Over the past decade, service providers in most industries, including real…
Labeling AI-generated Content
The proliferation of AI has the potential to confuse real estate buyers because it is hard to tell real from imaginary images. I have a simple suggestion that although not perfect, begins to address the situation. I stumbled upon an article written in the spring that reminded me of some tagging work I investigated over…
Using a Wallet for Identity
I have been working on making blockchain more approachable to consumers and have developed a model using common shopping practices found in bricks-and-mortar stores: I can repeat the process down an entire block of shops. When online, I can use a payment service (or credit card, yikes!) and only have to supply an address for…
Blockchain-as-a-Channel
I chuckle when another “software-as-a-service” is announced because I remember when dashes in the name conveyed mystery. Since I like nostalgia, I thought I would introduce my handle, “Blockchain-as-a-Channel” which represents a new advertising channel for real estate that complements print and web advertising. Economic Service Software-as-a-Service (SaaS) and cloud computing have become accepted in…
Blockchain Economics
There are benefits and challenges associated with blockchain. It is easy to get drawn into a jargon-filled debate that results in both sides talking past each other. I thought it would be good to compare the two on the basis of business economics, a consideration that is important to everyone. Advocates for blockchain tout that…
Bridging to the Future
I have been writing about blockchain technology for the last couple of weeks and now it is time to address how it gets introduced into the ecosystem. We start by not confusing the consumer. The word “blockchain” makes eyes glaze over and a barrier descends that blocks the exchange of ideas. Innovators react to this…
What can we learn from Listening?
Whenever one object exerts a force on another object, the second object exerts an equal and opposite on the first. –Newton’s Third Law of Motion “Data owners controlling data access rules” was discussed in an earlier post. This post introduces a new concept; the ability of protected data to drive business transactions with Events. Let’s…