Blockchain Turns Real Estate MLS On Its Head – with Stephen King

Stephen King is a partner at King Realty Group in Princeton, New Jersey.

He’s closed millions of dollars in real estate transactions and worked with several real-estate tech startups.

In this episode, Stephen and I discuss how his new Blockchain startup – RexMLS is turning the real estate industry on its head, why it’s time to get rid of the MLS old boys’ club, and what “real estate spam” means.

SHOW NOTES

[01:05] – Who is Stephen King? Introduction and overview

[03:36] – What is RexMLS and how does it leverage Blockchain?

[07:36] – The Rex Token: using listing rewards to accelerate network effects

[16:07] – Details of the Rex Token ICO (Initial Coin Offering) and what exchanges the token will be eventually traded on

[18:59] – How the traditional MLS system works and why RexMLS is a better solution

[24:32] – Why RexMLS will succeed where other real estate technology companies like Zillow have failed

[28:23] – A real life example of how a Chinese brokerage is implementing the RexMLS model

[30:06] – Stephen’s thoughts on other industries he believes are ripe for Blockchain disruption (media, music, and health)

[39:17] – How RexMLS enhances data privacy and quality with solutions like IPFS and local data feeds

[44:42] – What is “real estate listing spam,” and how does RexMLS deal with it?

[45:44] – Stephen’s advice to Blockchain entrepreneurs and firms

[50:48] – Has the term “Blockchain” been overhyped?

[53:11] – His 10-year prediction for Bitcoin and Ether/Ethereum

[56:59] – The Blockchain “killer app” Stephen is most excited about right now

[58:49] – How to get in touch with Stephen King

[59:13] – Conclusion

RESOURCES DISCUSSED

–Traditional MLS

–Zillow

–Mycelia

–Peter Harris and Resonate

–IPFS

–Reddit (Ethereum)

–Snapchat investor’s prediction

–Zcash

–Hyperledger

–Gnosis

CONTACT INFORMATION

–RexMLS

-Twitter: @RexMLS and @mstephenking

-Email: stephen [at] rexmls.com