Zach Faddis

My current personal project is making a system for the shared use and ownership of a physical item, in particular housing. It is being written in Solidity and will run on the Ethereum network.

There are lots of projects/companies working on fractional ownership of housing and other assets, but they all just aim to make it easier to invest. none of them have a governance model built in to actually manage the use of a shared resource.

If anyone has comments, questions, or similar projects to show me, that would be greatly appreciated. I havent shown this to many people yet and many details still need to be fleshed out

@zacharius A thing I don't get: what is the advantage to doing this as software instead of regular property law?

@machado the main advantages

1. it allows the quick and cheap transition of small percentages of property value.

2. Each group can create and change the rules of their collective agreement through voting.

I'm imaging a system where each house becomes its own little ecosystem. Where the people currently living in it are slowly buying the property from the previous tenants. And everyone with a stake can vote on what to spend funds on and other related matters.


Not a legal expert but I believe 1 would be too expensive to be feasible except for large transactions and 2 would only be enforceable through expensive legal arbitration.

@zacharius I concede 1, it would probably act as a DDOS on a centralized public records system.

2 is already done to varying extents around the world, for multi-family housing.

@machado you're absolutely right that multiple families and groups of individuals have been getting along since forever under the same roof. Sometimes relying on the legal system, mostly through communication and compromise.


But these arrangements can often turn toxic, especially when the parties don't know each other ahead of time. Morever the legal system is not flexible enough to cover all possible living arrangements and often the handshake agreements we make to fill in the gaps have no recourse when communication breaks down.


There is also the whole ideology about not trusting a centralized system that is behind all public blockchain/consensus networks.

I think it's less ideology and more polity size. When a small polity breaks down enough to allow that kind of parallel law, property through violence beats property by blockchain.

@zacharius Sidenote: private nano-states run as a democracy of property owners has a certain "cyberpunk meets classical Greece" vibe.


Is what you want to do something that could be done in the framework of a housing co-op? If so, then you wouldn't have to re-invent the wheel for many things. Co-ops have worked out a lot of issues, especially in the areas of friction where people live together and are in a joint economic venture together.

I've seen people live in various shared arrangements, and the people in co-ops seem happiest.

Co-op principles

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