Disruptive Technology, Legal Innovation, and the Future of Real Estate

This book addresses challenges that new technologies and the big data revolution pose to existing regulatory and legal frameworks. The volume discusses issues such as blockchain and its implications for property transactions and taxes, three (or four) dimensional title registration, land use and urban planning in the age of big data, and the future of property rights in light of these changes. The book brings together an interdisciplinary collection of chapters that revolve around the potential influence of disruptive technologies on existing legal norms and the future development of real estate markets. The book is divided into five parts. Part I presents a survey of the current available research on blockchain and real estate. Part II provides a background on property law for the volume, grounding it in fundamental theory. Part III discusses the changing landscapes of property rights while Part IV debates the potential effects of blockchain on land registration. Finally the book concludes with Part V, which is devoted to new technological applications relevant to real estate. Providing an interdisciplinary perspective on emerging technologies that have the potential to disrupt the real estate industry and the regulation of it, this book will appeal to a broad audience, consisting of scholars, policy-makers, practitioners, and students, interested in real estate, law, economics, blockchain, and technology policy.-- Provided by publisher Front Matter ....Pages i-xiii Front Matter ....Pages 1-1 A Database Exploring Blockchain and Real Estate (Jan Veuger)....Pages 3-25 Front Matter ....Pages 27-27 From Blackstone to Blockchain: Theorizing Property Law in the Age of Cryptography (Ronit Levine-Schnur)....Pages 29-34 Prospects of Blockchain in Contract and Property (Benito Arruñada)....Pages 35-55 Front Matter ....Pages 57-57 The Future of Property Rights: Digital Technology in the Real World (Amnon Lehavi)....Pages 59-79 Social Innovation as a Disruptor of Tenure: Recognising Land Rights of Slum Dwellers in Odisha, India (Rebecca Leshinsky, Serene Ho, Pranab Choudhury)....Pages 81-99 Front Matter ....Pages 101-101 Blockchain-Based Land Registers: A Law-and-Economics Perspective (Georg von Wangenheim)....Pages 103-122 Land Registration in the Twenty-First Century: Blockchain Land Registers from a Civil Law Perspective (Benjamin Verheye)....Pages 123-135 Front Matter ....Pages 137-137 Selling LAND in Decentraland: The Regime of Non-fungible Tokens on the Ethereum Blockchain Under the Digital Content Directive (Catalina Goanta)....Pages 139-154 Application of a Systems Engineering Approach as a Preventative Measure Against Disruptions to Real Estate Institutions (C. Kat Grimsley, Cody A. Pennetti)....Pages 155-176 Back Matter ....Pages 177-181