Can Blockchain Fix the Housing Crisis in the UK?
Brikcoin is a very ambitious project. It seeks to tackle the chronic shortage of quality social housing in the UK. Actually, it is not just a lack of quality social housing but a lack of any social housing. Currently there are approximately 6,000 social homes built every year in the UK. This sounds fine until you understand that 120,000 are needed annually. The gap is huge and growing year on year. Governments, banks, local authorities, county councils are all stymied. In fact, they seem to be playing by an old set of rules that no longer works into today’s environment. The answer has been to sell off public land (from the public purse) to private developers. Often there is some requirement for private developers to build a percentage of social houses but equally as often this percentage is whittled down to a negligible number- if any at all. So the public purse is leaching its land to private capitalism without any long term benefit to the citizens.