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Industry expert: Thomas Müller
Interview by fibree.org
This interview is part of a series of conversations with leaders in blockchain for real estate, so our community can learn how blockchain is impacting real estate directly from experts worldwide.
Thomas Müller is managing director and co-founder of evan GmbH and spokesman for the evan.network organization. With his extensive experience in business and IT, his mission is to establish evan.network on the market as a cooperation platform for the economy of tomorrow. In addition, Thomas is a speaker, author and expert in the field of decentralized technologies, blockchain for business and digital business.
“The purpose of Blockchain is to create trusted business relationships without a central intermediary and is a prerequisite for sustainable business in digital markets.”
evan.network is an open ecosystem to create a decentralized digital economy. Equipped with services for cross-company collaboration and decentralized administration, the platform enables cooperative business models in various industries. To realize this vision, the evan.network uses blockchain technology. The neutrality of the platform is ensured by the operation of blockchain nodes of different European companies. This neutrality paired with fast and cost-effective transactions makes the evan.network a decisively more secure alternative to conventional digital business platforms.
Q: Thomas, how did you get involved in blockchain & real estate?
We are not directly involved in the real estate sector at the moment, but we have some interesting projects in the construction sector which could be easily adopted to other industries like real estate. The core of the solution is the possibility to share resources like construction machines between various rental companies in a completely digital way without becoming dependent on central sharing platforms. I see a lot of use cases in the real estate sector which can benefit from digitized ressources and the possibility to integrate them into business processes – from construction, to the property management to deconstruction and disposal of properties.
Q: How do you see blockchain technology impacting the real estate industry?
One of the most well known use cases is the tokenization of real estate assets and the decentralized finance. A second interesting use case area is the possibility to digize and optimize asset based processes. These are all the processes across the lifecycle of an asset like a machine or a property. Whenever several parties are involved in an asset-related service, Blockchain can help to coordinate and document these processes. Keywords here are sharing economy but also sustainability, as the necessary information transparency can be created through blockchain.
Q: How can blockchain bring more effectiveness to our economy ?
Blockchain itself will not bring more effectiveness – it’s the digitization that will do that. When you want to digitize processes where many independent companies are involved, you have to use platforms today. This creates dependencies and new competitors. To avoid this, blockchain-based solutions can be used. The blockchain acts like a notary, which means that it records data and information between all parties in a tamper-proof manner.
Q: What are you focusing on right now ?
With the evan.network we provide the possibility for companies to equip real assets with digital identities. This allows them to be integrated into digital transactions as independent players. An important requirement for this is the digitalisation of trust. This is what we focus on. Companies can create a self-managed digital identity and confirm it with trust from the real world. Such trust can be a notarized confirmation of the company’s digital identity or the certificates acquired by the company in a digital, trusted format.
Q: What are your thoughts on the future of blockchain?
I think a lot of effort will be put into the integration of Blockchain with other IT technologies in the future. From my point of view important technologies are the IoT integration for direct interaction of real assets with their digital identities and the connection of blockchain and AI to provide more intelligent business to business solutions.
Q: Where can you see synergies with other sectors ?
There are a lot. Digital business should not be thought of in silos. So you need to have cross company and cross industry cooperation to provide a real digital user experience. A property is at the centre of various business transactions. Construction, property management and smart cities are just a few examples. With a digital identity that exists independently of the individual actors, new digital experiences can be created that benefit all stakeholders.
Q: Is there something you would like to add ?
I’m really happy about the cooperation with the fibree team to create the decentralized real estate economy of the future based on concrete use cases. This is where business expertise and technology come together and find their way into the market. We are currently working on specific topics related to the identification of real estate objects. We will hear exciting things in the near future in this field.
Regional Chair Athens / Greece at fibree.org