Jacob Boersma is Manager Blockchain and Digital Identity at the Risk Services department of Deloitte. Certain fields he is specialized in are Blockchain Technology, Information Security, Digital Identity, Electronic Signatures and Electronic Payments. Trying to stay ahead of the digital transformation and keeping the ‘big picture’ in Internet transaction development in mind, he is experience in working in public-private partnership projects. Together with Jan-Willem Santing he is looking at the opportunities for Blockchain in the real estate market. They believe that the real estate market is both old-fashioned as very complex which needs a lot of transparency and collaboration between several parties. All these parties are continuously checking the latest version of the contracts in their database. 40 percent of the time of assessors is checking information because there is a climate of distrust in each other’s data.
Blockchain can be the single source of truth in this network with the additional benefits of payment monitoring, sharing of information, ownership registry & transfer, identification of real estate objects, signing lease agreements and having a modular & extendable platform. By implementing a Blockchain the settlement time can be decreased, the visibility into the data can be guaranteed near real-time, the processes can be simplified and the rights to each other’s data can be secured through a private environment. This use case is shown through a demo at the conference.