Major Title Companies Adopt Blockchain to Cut Down on Security Breaches

December 31, 2018

The Energy Report

Source: Streetwise Reports   12/28/2018

Green tech maker’s blockchain system scores big contracts with well-known title companies. Here’s how it works and why this particular system is catching so many title agencies’ attention.

Greenbriar Capital Corp. (GRB:TSX.V; GEBRF:OTC), a high impact investment renewable energy and green technology maker, has created RealBlock, a blockchain system that has proven effective in the real estate world.

The company has landed a deal with Title Security of Arizona and Landmark Title Agency. A common cybersecurity issue in real estate mortgage and title transfer is wire fraud. With these incidents steadily increasing, the need for a more secure way to do business has increased as well, especially in the real estate industry.

“As wire fraud incidents continue to increase, the need to secure the exchange of documents and communications between buyers and sellers and others involved in real estate transactions are more crucial than ever. It’s often the biggest financial transaction of their lives, and we want to do everything we can to ensure it works as it should. RealBlock will be the new standard of care in the title industry,” says Vicki Etherton, president of Landmark.

Professor Todd Taylor, founder of the blockchain research lab at Arizona State University and one of the RealBlock founders, challenges the idea that blockchain is simply useful for cryptocurrencies, public voting platforms, and Uber-less ride sharing. He argues that blockchain’s true power lies in its ability to thwart or prevent serious cybersecurity issues.


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How RealBlock Works

Blockchain technology creates applications that can be used by multiple customers. This intelligence can transform industries and, essentially, the very way business is done. Here lies the opportunity to execute and share documents in a fashion that is very low risk.

Todd also points out that the more traditional methods for document exchange “create single points of attack and failure that the hackers are able to exploit with greater and greater ease.”

RealBlock (and other forms of blockchain) makes hackers’ jobs much harder. Instead of a single point of attack, blockchain uses “segregation, distributed compute, multi-party validation, encryption, public and private keys and smart contract code.” Through all of these components, blockchain creates single technology stacks (single distributed applications) upon which these multi-customer applications can be built.

Some may call it the best of both (or all) worlds. In real estate land, it could be a dream come true.

Tommy Sullivan, Title Security’s CEO, adds, “As we talk to the larger insurance companies who provide insurance to the title companies… they are embracing this [idea of blockchain] in such a great way that they are writing policies around this adoption.”

Greenbriar Capital’s vision for the company doesn’t stop with its blockchain technology.

A Few Other Things up Its Sleeve…

While the biggest news swirling around Greenbriar Capital is its RealBlock system, the company has substantially much more to offer.

Greenbriar knows all about smart technology and power alternatives. Currently, the company utilizes solar power and wind power technologies, which have both proven to be profitable and resourceful.

For starters, Greenbriar owns a massive solar site on the westerly south shore of Puerto Rico. Being the largest solar project in the Caribbean, management says the area is ideal not only for investors but for citizens alike. Officials—like municipality mayors and senators from Ponce and Mayaguez—are on board and support the project.

Management says the project will boost the economy through job creation and $2 billion in reduced energy costs (over 35 years) for ratepayers. It also projects $58 million revenue per year for 35 years, a net present value (NPV) of $191 million to Greenbriar shareholders.

Meanwhile in San Juan County, Utah, Greenbriar established the Blue Mountain Utah Wind Project. The company sees its project as a way to not only benefit the environment, but to prevent the costs associated with coal-burning energy methods. Management explains, “Using wind to produce enough power for over 200 homes (2,000,000 kilowatt hours) of electricity instead of burning coal will leave 900,000 kilograms of coal in the ground and reduce annual greenhouse gas emissions by 2,000 tons.”

Greenbriar Capital has taken its tech from outside to the inside with Smart Glass. Any glass with light transmission properties that can be altered is considered Smart Glass. Greenbriar has taken this technology and added it to its arsenal of products. The crystal technology used can allow glass to convert from clear to opaque in a flash.

Smart Glass
Source: Greenbriar Capital

According to Global Industry Analysts Inc., the global smart glass market is estimated to exceed $5 billion by 2020. Greenbriar has placed itself in a position to take advantage of the trend, which has become more and more invisible in high-tech or energy-efficient homes and even hotels.

With Greenbriar’s strong presence in the real estate market, it has an active role on not just the title side but the property side of transactions.

Greenbriar Capital currently owns a $350 million, sustainable, 1,072-home California subdivision. The plan includes a variety of structure options, from apartments to bungalows and other single-family home options. The company’s Sage Ranch Neighborhood Masterplan can be found here.

In the company’s December 6 investor call, management reiterated that its overall plan is structured to create short-term, long-term and medium-term value for its clients and shareholders.

Greenbriar’s shares currently sit at $0.88.

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( Companies Mentioned: GRB:TSX.V; GEBRF:OTC,
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