# ‘The Complexities of Turning Real Estate in to On Chain Assets’ > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [585]. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/.md. This file's connections are below, then his passages. ## Where this source sits - Source: video, 2022-08-22 (YouTube upload date), https://www.youtube.com/watch?v=QoRcS2TQt-E. Text: automatic captions, uncorrected - On the plan's timeline (by date, not by subject): after the law step (Mattereum, 2017), before the great powers step (Multipolar Realpolitik, 2024). - How it fits the plan (the research build's reading): Real-estate use of the contracting layer. - Career works it belongs to: - Leashless (2009): Manifesto on property and freedom: nobody with unmet needs is free, the Earth owns itself, and land should... (suggested by machine) - Taking a crack at a practical system (introducing the ESCROWNYM) (2012): Blog essay proposing the escrownym: an identity lodged with escrow brokers under a legally binding... (suggested by machine) - Lean Green Mattereum: "We aren't just here to change the world, we're here to fix it" (2020): 162-page deck tying it together: poverty and climate are one problem, a lean green development path is... (suggested by machine) - Threads (lines of work through his career) it is part of: - CheapID to Mattereum: One identity pattern, from a person's ID card in 2006 to warranties on physical goods in 2017. (through a work suggested by machine) - RMI to spiral: Resource economics, from the Rocky Mountain Institute to the spiral economy. (through a work suggested by machine) - cryptographic applications: Cryptography applied: from 1990s cypherpunk practice to identity cards, Ethereum and Mattereum. (through a work suggested by machine) - social enterprise: Enterprises that turn money into social capital and back: the capital conversion matrix from the Rocky Mountain... (through a work suggested by machine) - Topics: Smart contracts, law & arbitration (100%) - Distinctive terms here, against the whole archive: real estate (3 here; 106 sources in all, earliest dated 2013, 2 undated) - Importance: core-text score 0.12 (1.00 is the top), number 477 of the 729 sources it scored, the research build's measure of substance, importance and innovation - On the same works, just before: [678] [WNWB S01E08: Mattereum with Vinay Gupta (2022)](https://guptaoption.com/texts/678.md); [735] [Vinay Gupta - Mattereum (2022)](https://guptaoption.com/texts/735.md); [594] [Mattereum Physical Asset NFT Online Meet-Up 27 July 2022 (2022)](https://guptaoption.com/texts/594.md) - On the same works, just after: [573] ['Digital Assets, Digital Chattel' (2022)](https://guptaoption.com/texts/573.md); [571] [The Second Mattereum Physical Asset NFT Meetup 21 Sept 2022 (2022)](https://guptaoption.com/texts/571.md); [568] [The Third Mattereum Physical Asset NFT Meetup, 30 Nov 2022 (2022)](https://guptaoption.com/texts/568.md) ## Reading it Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it. Cite as: ‘The Complexities of Turning Real Estate in to On Chain Assets’, video, 2022-08-22, https://www.youtube.com/watch?v=QoRcS2TQt-E; in Vinay Gupta's archive at guptaoption.com, source [585], https://guptaoption.com/texts/585.md. Other speakers' passages are removed, so there can be gaps. ## Passages [0:00](https://www.youtube.com/watch?v=QoRcS2TQt-E&t=0s) so for us the focus is very much being unlike how do you get the liability framework around each piece of real estate to be as close to airtight as possible so that when somebody buys a piece of real estate the real estate that they receive is exactly what they were expecting to receive or there are recoverable assets it could be seized to back up the gap left for remediation um we took a a top-down regulated approach to it from day one um so so the way that we were working to do this uh and this this is useful um was to mirror exact uh precisely mere existing workflow processes and practices um so if you want to work with the system and enable it um you shouldn't try to change the rules by which it operates you'd look to concede to enhance those rules um and so from our point of view we very much focused on on the search the survey um how do you list a property on a public regulated exchange how do you make sure you have verification validation how do you make sure the usual suspects don't get up to the usual things um because i haven't yet met someone who wants to sell a property that didn't want to enhance its value in one form or another by uh misrepresenting it in any way that they possibly can so there are aspects of this which you have to be very very aware of property is also a different asset it has aspects of geolocation associated with so when you created a digital asset of a property and you have that on a public exchange well it will come as no great surprise to many that your neighbors will try to talk up or bid up your price um because it will directly affect their own properties in in common parlance in exchange language that's called front running and like any public regulated exchange is not allowed so inevitably you can see already if you compare some of the practices that the crypto trading environment uses and try to visit that on the types of exchange that we're looking at which is an asset based exchange then then you you have a different policing function and some of these policing functions have to be new because they're not as much of a feature on an equity exchange as they are in a property exchange but our fundamental mission is exactly the same as venus and that is to make property a liquid tradable asset class for all --- End of [585] ‘The Complexities of Turning Real Estate in to On Chain Assets’. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [573](https://guptaoption.com/texts/573.md) 'Digital Assets, Digital Chattel' (2022); his whole career in one file, https://guptaoption.com/story.md.