Tech billionaire Mark Cuban has expressed curiosity within the potential of blockchain know-how for revolutionizing actual property improvement.
This follows a city-building proposal by serial entrepreneur Jason Calacanis that sparked a dialogue about integrating cutting-edge know-how into large-scale city improvement tasks.
Blockchain for city improvement
Calacanis steered developing ten new cities within the U.S., every with 1,000,000 housing items. They’d be geared toward redefining city dwelling with a give attention to sustainability and affordability.
Cuban took the dialog a step additional. He proposed leveraging blockchain know-how, significantly specializing in its potential to automate and safe actual property transactions and venture administration.
The billionaire’s proposal includes the creation of a wise contract on a zero-knowledge layer-2 blockchain platform. This contract would mechanically verify for the issuance of building permits.
Upon verification, it could create and ship an NFT that releases $250,000 in USDC, a preferred stablecoin, when an oracle verifies {that a} housing unit is full.
The sensible contract would repeatedly monitor for brand spanking new building permits and generate a brand new NFT for every further housing unit constructed.
Moreover, Cuban suggests utilizing a multi-signature pockets to make sure safety and mutual safety for each events concerned within the transaction.
Some skepticism
Some customers questioned the need of utilizing a ZK rollup, a classy blockchain answer, for this objective.
Cuban responded by stressing the simplicity and safety advantages of utilizing a multi-signature pockets for dealing with venture funds.
Calacanis, nevertheless, steered choosing a extra conventional trust-based methodology for funds switch.
