Blockchain and Railroad Real Estate
Real Estate Committee Feature
Presented By:
David Christophersen James Fountain
CEO SkyRights Holdings LLC Senior Manager - Real Estate CN
david.christophersen@skyrights.io James.Fountain@cn.ca
Deborah Marshall Christopher A. Krier
Utility Relocation Manager PMP, SR/WA, R/W-RAC
Guy Engineering Services Deputy Director of Real Property
d.marshallx3@att.net California High-Speed Rail Authority
Chris.Krier@hsr.ca.gov
Overview:
Railroad real estate drives incremental revenue from third-parties who lease ROW for routes and infrastructure only railroads can provide. Pipeline operators, utilities and telecoms prefer existing ROW because the costs associated with building new routes is prohibitive. Periodic advances in technology, like fiber optics in the Dotcom era, create growth opportunities for leasing ROW provided railroads are willing to make the necessary investments. This article is intended to be a brief overview of Blockchain technology and how it can unlock new opportunities for railroad real estate.
What is Blockchain?
https://www.blockchain-council.org/blockchain/what-is-blockchain-technology-and-how-does-it-work/
Blockchain is a peer-to-peer decentralized distributed ledger technology (DLT) that makes the records of any digital asset transparent and unchangeable and works without involving any third-party intermediary. It is an emerging and revolutionary technology that is attracting a lot of public attention due to its capability to reduce risks and frauds in a scalable manner.
Blockchain is a distributed, decentralized P2P network, offering multiple benefits over the traditional centralized network including increased system reliability and privacy. Moreover, such networks are much easier to scale and deal with no real single point of failure. The reason why Blockchain is distributed is because of shared communication and distributed processing. The P2P architecture of Blockchains provides several benefits such as greater security compared to traditional client-server based networks. A distributed P2P network, paired with a majority consensus requirement, provides Blockchains a relatively high degree of resistance to malicious activities.
