Greenbriar Capital Corp to create Real Estate Blockchain
November 20, 2017 – Vancouver, British Columbia. Greenbriar Capital Corp (“Greenbriar”) is pleased to announce that it will create a Real Estate Blockchain under a new operating entity called RealBlock Limited.
Blockchain technology allows a network of computers to agree at regular intervals on the true state of a distributed ledger. Such ledgers can contain different types of shared data, such as transaction records, attributes of transactions, credentials, or other pieces of information. The ledger is often secured through a clever mix of cryptography and game theory, and does not require trusted nodes like traditional networks. This is what allows bitcoin to transfer value across the globe without resorting to traditional intermediaries such as banks.
On a Blockchain, transactions are recorded chronologically, forming an immutable chain, and can be more or less private or anonymous depending on how the technology is implemented. The ledger is distributed across many participants in the network — it doesn’t exist in one place. Instead, copies exist and are simultaneously updated with every fully participating node in the ecosystem. A block could represent transactions and data of many types — currency, digital rights, intellectual property, identity, or property titles such as real estate, to name a few.
RealBlock compliments our real estate listing with the Toronto Venture Exchange and will be lead by Michael Boyd, who served as Chairman of the Pima County Board of Supervisors and was also County Recorder. Mike has first hand knowledge that real estate records and transactions in the USA are very outdated, unreliable and Byzantine in their current implementation. Greenbriar has formulated a strategy to succeed in this field where many have previously failed. Greenbriar expects to enlist many industry participants it is currently in discussions with and the Company will update progress on a regular basis.
Michael Boyd, Director of Greenbriar states: We have been formulating the uses of Blockchain for Real Estate for a long time now, long before it was fashionable. We are excited about this new venture.
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About Greenbriar Capital Corp:
Greenbriar Capital Corp. is a leading developer of renewable energy, sustainable real estate and energy efficient smart glass projects. With long-term, high impact, contracted sales agreements in key project locations and led by a successful industry-recognized operating and development team, Greenbriar targets deep valued assets for accretive shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
Chief Executive Officer and Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.
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