Page 3 - JULY NEWSLETTER

Volume1. Issue 7
The author: Emmanuel Noah
The Future of African Property Markets: enoah@benben.com.gh
Blockchain, Artificial Intelligence and Big Data

A new chapter just opened in your life - you just got married to the girl of your
dreams, you have a baby girl on the way, and you're looking for your first dream
home! At the click of a button you're able to access a mortgage facility online and
then connect with your ideal property developer. Digital agreements are created then
executed online using blockchain smart contracts, after-which your project begins to
take shape as it's built by a team of 3D printer robots. Sensors and Artificial Intelli-
gence (AI) supervisors coordinate activities, liaise with subcontractors, and monitor construction up until
the completion of your brand new home.
At first thought this may seem a few years away but the future of housing is with us today! Emerging technologies such as AI,
Big Data and Blockchain are taking the globe by storm and redefining the way we transaction with one another.
Paperless non-brick and mortar transactions are on the ride and a new breed of real-estate entrepreneurs have begun to disrupt
the property technology (proptech) scene in ways we never would've imagined. That said, for this and the next series of arti-
cles, I will

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highlight the recent disruptions in the African proptech scene as well as the touch on a few of the
most exciting opportunities in the space!
"Enter into the world
of blockchain based Blockchain Tech and Housing
property transactions, It's estimated the global market size of the proptech investment with reach $20bn by 2020. In order
where the very nature to take advantage of the opportunity, real estate sector participants - land sector agencies and finan-
of its design is ciers to property developers - will need to understand the latest in technological innovation. When
trustless and it comes to land, real-estate and financial transactions- trust is king. Without trust the system simply
decentralized. " falls apart.
Enter into the world of blockchain based property transactions, where the very nature of its design is
trustless and decentralized. For the initiates, a blockchain is a shared database of immutable, tracea-
ble and auditable transactions. As such, Blockchain transaction systems make it possible to transfer ownership of an asset from
one person to another, without the need for an intermediary, a feature which can transform how stakeholders interact with each
other in the housing delivery value chain.

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