Blockchain and opportunities in Real Estate Industry

25 JAN 2020, Blockchain is a technology of trust and like how the Internet has made information open-source, blockchain is making trust Opensource” says Darshana Parmar, Credai Women Chairperson, and MD Ishwar Parmar group. As per the latest LinkedIn 2020 reports Blockchain is the #1 skill in Demand and Blockchain technology across the world, especially in India, is going mainstream On Jan 11^th, 2019, CREDAI concluded its India’s largest Real Estate Conference  Youthcon 2020 which saw over 600+ participants from all over India including Bollywood Celebrities Twinkle Khanna, Celebrity Nutritionist Pooja Makhija Fitness Trainer Yasmin Karachiwala and Micky Mehta. 

The Youth on was inaugurated by Mr. Satish Magar Chairman and show stopper the keynote was by Prashant Surana on How Blockchain is creating tremendous opportunities in Real Estate Space. Mr. Surana is a Co-founder at Snapper Future Tech, India’s most awarded Blockchain Company and Serial Entrepreneur in AI and Blockchain. At 24 Mr. Surana was also awarded as #1 Super Young Achiever under 30 by  Hindustan Times. Prashant is one of the most recognized Blockchain influencers globally and been working with Govt, Startups and Fortune Companies globally. The Keynote focused on how Blockchain can create the highest levels of trust, transparency and automated compliance driving India’s Proptech Revolution.

“Real Estate in India is in the horrible state today with over 5 million property registered in the past few years and out of which over 80% are less than 5 years old. That’s astonishing over 2537 cases registered every single day costing Country several billion dollars” Says Naresh Jain, Angel Investor and Co-founder at Snapper Future tech. Visionary Prashant presented an Interesting Case study and Success Story on “Real Estate Blockchain Solution developed by Snapper which became a remarkable Harvard Case Study. The solution highlighted the problem with traditional technology where all the govt departments worked in silos resulting in high data redundancy, frauds, inefficiency, and lack of transparency.

 “The Process of property registration and mutation is super complex in India as every buyer has to go to the department to department to verify the title of the property first, pending taxation and other litigations thereby making buyers highly dependable on a middleman like lawyers, verifiers, etc. which is very time consuming + expensive. This is where the majority of the frauds happen, as fraudsters forge documents easily by getting access to original documents.

 On the blockchain, one can share the verified information in a a secured, encrypted environment without the need to share the original ones. Once the buyer verifies, sales deed has to be created and registered based on which the buyer applies for a loan. Today, it’s almost impossible to get loans from banks when buying Land only because of a lack of Conclusive title by Govt obviously because of litigation issues. Post which banks again verify the title ownership and make sure the information provided is correct. The bank hires 3^rd party for this and pays as high as 50,000 with the process taking several weeks. With Blockchain as soon as the buyer-seller enters into a contract, the copy of the contract along with verification of property is shared with Banks in real-time by enabling primary source verification using Smart Contracts.

Smart Contracts are self-executable contracts which execute primarily on data and information as soon as event triggers. So here all KYC, compliances and verification documents are attached and blockchain verifies itself automatically like magic making the entire process seamless. Moving to registration and mutation, where the buyer is required to pay all taxes such as stamp duty, registration fees, etc. Currently, this process is made available online to a lot of extents, but fear of manipulation still exists as registrar sitting at the backend has the right to modify the records as per his will thus leaving buyer/seller/banks out of the loop. Several transactions in India go through via blackmailing and at gunpoint. With Blockchain using encryption and hashing this is prevented as records are tamperproof. So, any person trying to modify the records will fail as participants are notified to give their consensus and Blockchain like magical book records every transaction with digital signature and encryption, enabling only authorized stakeholders to view/modify.

 Blockchain being magical book ownership records across municipal, land revenue, banks, etc. are updated in real-time with the latest details since all participants across share “Single Copy of truth” which is immutable, time-stamped, encrypted.  “With Increasing Cyber Security Threats and ransomware attacks Blockchain is the answer because of its decentralization, Encryption” Shihas Kunju, Lead Faculty Indian Blockchain Institute, IBI is one of India’s Best Blockchain Institute driven by global partners and faculties with a vision to create India, a super force in Blockchain.  Snapper has developed cool Blockchain solutions Today, Snapper is followed by global icons such as Oracle, Hyperledger, it has grown from a small startup to a global Blockchain phenomenon adds Avnish Gupta, Executive Director Enemtech Capital Inc.

Pinkathon Mumbai Participants Discovered the Delicious Unwaxed Natural Goodness of European Apples from the Italian Alps

21 January 2020-Naturally delicious European apples from the Italian Alps were proud to be the Official Apple Partner of the 8^th Mumbai Pinkathon, giving out almost 7,000 apples to participants and sharing the naturally delicious, unwaxed natural goodness of the Italian Alps.

FROM Italian Alps SARL, as the Official Apple of the 8^th Mumbai Pinkathon was proud to help Pinkathon participants revitalize and recover. From an exciting run with its naturally delicious, unwaxed apples. Held Sunday, 15th December 2019 at MMRDA Ground, Next to One BKC Building, the 51st Pinkathon was India's biggest women’s run to encourage and promote fitness and health among women and create awareness about breast cancer and other issues relating to women’s health. More than 10,000 women participated in the multi-category run in Mumbai, including numerous special needs runners from mothers carrying babies to the visually impaired.

Says FROM Italian Alps General Manager Nicola Zanotelli, “The unwaxed, sweet and crunchy the goodness of European Apples from the Italian Alps is the perfect snack and cooking ingredient for Indian women with active lifestyles, which why we felt it was important for FROMtobe the Official Apple Partner of the 8^th Mumbai Pinkathon and collaborate with Milind Soman and his team.”

With nearly 7,000 visitors, the FROM Italian Alps stand was one of the most popular at the Pinkathon, and a record crowd of participants had the chance to enjoy naturally delicious Royal Gala apples from the Italian Alps. Participants also learned about the benefits of apples and the leading retailers where FROM Italian Alps apples are available in India, as well as having the chance to take commemorative selfies with our exclusive FROM Italian Alps selfie frames and interact with some of the social media celebrities who turned out to support the FROM brand.

Says Pinkathon founder, supermodel, actor and Ultraman athlete Milind Soman,“Nobody is left behind. Not the very young or even the very old, not pregnant women, not the women in hijabs and sarees, not the women with young babies, not the visually impaired or the cancer survivors. They all came together making each edition in every city a festival like no other. Dancing and singing, walking and running, cheering and laughing in a fantastic celebration of womanhood.”

Adds FROM Italian Alps General Manager Zanotelli, “We were thrilled to give away apples to all Pinkathon participants, helping them revitalize after their run. It was a great event and we had a lot of fun supporting women and promoting healthy lifestyles in India.”

ABOUT PRODUCERS FROM ITALIAN ALPS: The four Trentino-South Tyrol apple producer organizations that makeup FROM VOG Marlene, VIP Val Venosta, Melinda and La Trentina, grow 70% of Italy’s apples. Our strength comes from our superior quality fruit, grown every year thanks to a great combination of a unique environment and production expertise. For centuries, 20,000 local fruit farmers have carefully cultivated 28,000 hectares of apple orchards, using skills acquired through many generations of orchard-tending. Our apples grow on the rocky, mineral-rich soil of the Italian Alps, where they breathe the pure air of our forests and absorb the crystalline waters flowing straight from the Alpine glaciers. For 2,000 hours every year, they bask in the brilliant Alpine sunshine. This is why our apples are easily recognized as the best by more than 100 million consumers in over 80 countries around the world.

ICMG Brings Global Architecture Rating for Artificial Intelligence Enabled Systems and Solution to India

13 Jan 2020, ICMG India is excited to offer Architecture Rating for Artificial Intelligence-driven systems, solutions, tools, etc. As part of this service, it will also run an annual AI Architecture Rating & Excellence program. Nominations are invited for the 2020 India edition of the AI Architecture Rating & Excellence program, and the winners will be announced in April 2020.

In recent years AI or Artificial Intelligence has been shaping up as a collection of technologies that can be very effectively used in the Digital Transformation of the journey of Enterprises. Realizing the importance of AI in today’s economy, ICMG felt that there is a real need to assess and provide Ratings for Architecture work of AI Projects in India.

The Assessment & Ratings Process will happen in four stages – three Off-Site and a final one, on-site at the AI Architecture Summit in Bengaluru. The assessment also includes a Video Interaction with the Jury Members.

Evaluation is based on around 100 parameters, which are grouped into 14 categories. The critical evaluation parameters include the rating of problem complexity, stakeholder concerns management, perceived business benefits, well-defined architecture-centric process, business process improvement, application models, data models, network models, governance models, innovation characteristics, etc.

Companies can submit the projects wherein AI is used to boost efficiency, automate processes, create new products and services, or improve the customer experience, predicting customer churn, processing of online reviews, etc.

In the recently concluded Global Architecture Ratings in New York, experts agreed that Real Architecture is needed for Artificial Intelligence Solutions and Systems to function properly. The global experts also emphasized the importance of Cloud Architecture, Data Architecture (Big Data), and Security Architecture as an essential building block of the AI Architecture Reference Model.

The essential the first step in developing these models is the Framework that is Enterprise Architecture – Ontological structure that will be used by methodologies to develop these Architecture Views.

This program is open to all the industries and functions units (departments) such as Healthcare, Travel & Tourism, Hospitality, etc.

If your Enterprise has embarked on AI Journey with successful systems and solutions, it is the right time for you to be part of the ICMG AI Architecture Ratings & Awards program. This program will take place take place across India, Australia, the Middle East, and Europe.

Mr. Sunil Dutt Jha, CEO of ICMG Global said “AI Architecture Rating program is a technology-neutral, peer level, jury driven assessment, and rating that provides an unparalleled opportunity for market recognition. It also provides a great opportunity for the project directors and senior management to gain insight into the strength & weaknesses of AI Architecture and thus minimize risk.”

About ICMG :

ICMG is a leading full-service Enterprise & IT Architecture Firm, providing architectural services to a wide variety of clients (over 20 domains) across 40 countries. For nearly 20 years, we have specialized in making visions into realities by supplying “architecture ideas & models” to more than 1600 organizations across the world. In the last 14 years, ICMG Global Architecture Rating & Excellence Program, which is driven by an independent jury, has become a global benchmark of excellence with the leading companies across the globe participating every year.

To know more:-

Global Winners 2019: https://www.architecturerating.com/global-enterprise-2019

Awards Album 2019: https://www.architecturerating.com/new-york-2019