The aim of a smart contract is to reduce the human factor in transaction processing and verification. A software protocol automates and self-executes an action when certain conditions are met. The automation and self-sufficiency can significantly cut the costs and diminish the risks for businesses and individuals. The cost-efficiency comes from the reduction of overhead necessary to initiate, execute and enforce contracts.



I'm an entrepreneur, advisor, and public speaker in the application of Bitcoin / Blockchain to real estate. I have 10 years of real estate experience including development, title insurance, and investing. I bought my first bitcoins in 2012. I founded the non-profit International Blockchain Real Estate Association (IBREA) in 2013. My nascent startup, velox.RE, will bring transparency and liquidity to real estate transactions.