![]() ![]() Indeed, the cases of uses of this technology focus on different stages of the real estate conveyancing process. For the purposes of this paper, we will concentrate, however, on the fact that real estate conveyancing is also experiencing the use of blockchain and smart contracts, a phenomenon which is being called “proptech” ( Nasarre-Aznar, 2018). This led to some of them to enact some pieces of legislation related to this technology, such as Virtual Financial Assets Act of Malta (01 January 2018) or the Legge n. In this declaration, these EU Countries confirm that “any legislation on Distributed Ledger Technologies should take into account the decentralized nature of such technology and should be based on European fundamental principles and technological neutrality”. Moreover, seven European Union (EU) countries (Cyprus, France, Greece, Italy, Malta, Portugal and Spain) signed in December 2018 a Ministerial Declaration on Distributed Ledger Technologies. ![]() And the Catalan Government recently published the “Catalan Blockchain Strategy”, which aims at implementing a blockchain ecosystem for this regional administration, including an ID system, sharing of health data to boost body organ’s donations and a system to share self-consumption energy through blockchain. For example, the Government of Estonia is using blockchain to secure health records, and the UK considered a blockchain to pay and control research grants in 2016. Digital payments, commercial registries, social media, insurances, public administration or healthcare are only some examples of blockchain applications. ![]() The interest in this technology has been reflected in a range of projects that are testing the feasibility of its use ( Leloup, 2017). Even the financial sector, which was the one most directly affected by the creation of the bitcoin currency and therefore the blockchain systems, considered this technology as an opportunity for improving their processes as well as lowering their expenses. Although originally created to bypass the traditional intermediaries in currency issuance ( De Filippi and Wright, 2018), academics, governments and stakeholders envisaged the potential opportunities that this technology offers for their own activities. The full terms of this licence may be seen at īlockchain is increasingly becoming of interest for several sectors ( Chichester, 2017). Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. This article is published under the Creative Commons Attribution (CC BY 4.0) licence. ![]()
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