Tech billionaire Mark Cuban has expressed curiosity within the potential of blockchain expertise for revolutionizing actual property improvement.
This follows a city-building proposal by serial entrepreneur Jason Calacanis that sparked a dialogue about integrating cutting-edge expertise into large-scale city improvement initiatives.
Blockchain for city improvement
Calacanis prompt developing ten new cities within the U.S., every with 1,000,000 housing items. They might be geared toward redefining city residing with a concentrate on sustainability and affordability.
Cuban took the dialog a step additional. He proposed leveraging blockchain expertise, significantly specializing in its potential to automate and safe actual property transactions and venture administration.
The billionaire’s proposal entails the creation of a wise contract on a zero-knowledge layer-2 blockchain platform. This contract would routinely test for the issuance of development permits.
Upon verification, it might create and ship an NFT that releases $250,000 in USDC, a well-liked stablecoin, when an oracle verifies {that a} housing unit is full.
The sensible contract would repeatedly monitor for brand spanking new development permits and generate a brand new NFT for every extra 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 function.
Cuban responded by stressing the simplicity and safety advantages of utilizing a multi-signature pockets for dealing with venture funds.
Calacanis, nevertheless, prompt choosing a extra conventional trust-based methodology for funds switch.
