Definitions

Term	Definition
Blueprint	A set of drawings and designs required to direct the construction of a building to the standards appropriate for the Community as well as the local jurisdiction in which the building will be created.
Landholder	The owner or lessee of a Real Estate Asset
Master Plan	A Master Plan is a dynamic long-term planning set of smart contracts that provides a conceptual layout to guide future growth and development of a community. Master planning is about making the connection between buildings, social settings, and their surrounding environments.
Oracle	Blockchain oracles are entities that connect blockchains to external systems, thereby enabling smart contracts to execute based upon inputs and outputs from the real world.
Recording Office	An office within a country (or similar jurisdiction) who has the authority for registering and maintaining title information on properties.
Trustless	When we say blockchains are “trustless,” what we mean is that there are mechanisms in place by which all parties in the system can reach a consensus on what the canonical truth is. Power and trust is distributed (or shared) among the network’s stakeholders (e.g. developers, miners, and consumers), rather than concentrated in a single individual or entity (e.g. banks, governments, and financial institutions).