Could blockchain technology assist first home buyers in New Zealand? – Part 1


New Zealand has experienced house price inflation for many years. First home buyers are struggling to purchase their first home due to large deposit requirements in an inflationary market. Those who manage to save enough for a deposit are burdened by a disproportionate debt obligation when compared to those who purchased before them.

Families are being forced to rent, often in expensive, sub-standard accommodation. Many New Zealand children are growing up in unhealthy and restrictive areas, while many houses and areas with better facilities and amenities are empty or rented to the small few who can afford them.


Use a blockchain to create: a source of truth, signup process, documentation store, data store, support protocol and an investable token/cryptocurrency. Combine these tools to create a cryptocurrency for first home buyer investment.

Why Use Blockchain Technology To Solve The First Home Buyer Problem?

1. Truth

Blockchains (Timechains) are able to provide an incorruptible source of truth. This means the potential for trust with minimal to no chance of un-tracked human error, corruption or tampering. These ideals of trust and immutability could be applied to a blockchain investment platform that could register and provide financial grants to first home buyers.

The public could trust such a platform because of the principles of decentralization and immutability associated with blockchains. A blockchain could be used to draw public and institutional investment that would fuel a new stream of first home buyers into the New Zealand housing market.

Blockchains are built with the ideals of decentralization and immutability.

2. Youth

Blockchains and cryptocurrency have proven to be very popular with young investors. The idea of a digital, modern platform that is running 24/7 appeals to younger generations who have grown up with the internet and its associated technologies. Blockchains and cryptocurrency are here to stay and have caught the attention of youth who will decide what is relevant in society for the years to come.

Today’s youth are pragmatic and literate in online tools and technology.

3. Investment

Blockchains not only allow for associated web and applications and technology (sign up, document store, analytics, data storage), they also provide a protocol for investment. This means you can take any idea, create a blockchain and tokenize the idea and blockchain. The public can purchase these tokens which will allow for startup funding investment and wider ongoing cryptocurrency adoption/investment which would fuel further growth.

Would New Zealanders and the international market see the idea of First Home Buyers as a relevant cause or idealogy to invest in? Possibly, not to mention charitable organizations, government and industry leaders. A blockchain could draw capital and investment that could create a mechanism to support first home buyers into the housing market. There could be a yearly analytic release of institutional investment data, to promote organizations who are helping New Zealand families into the housing market.

Blockchains can be both an application and investment platform.

4. Transparency

The nature of blockchains allows for a high level of transparency. This would allow for fast access to the public regarding investment data, governance, funding progress, performance as well as live analytics and associated documentation.

One of the key aspects of Blockchain technology is the ability for the public to see everything within the technology quickly.

5. Adaptability

Blockchains are similar to software which means they can be upgraded and modified at pace. This could occur via a fork, or a policy adjustment to re-establish and upgrade systems and technology. A blockchain to support first home buyers could adapt with the times and remain agile to meet changing economies and laws.

6. Facts

  • Social: Cardano, a well known blockchain technology, plans to create a blockchain-based digital identity for 5 million students and teachers in Africa. This is the biggest blockchain deployment anywhere in the world.
  • Rise: In 2011, Bitcoin’s price jumped from $1 in April of that year to a peak of $32 in June, a gain of 3,200%.
  • Relevance: As of today, 13-10-2021, Bitcoin is valued at just over $55,000 per coin with a market cap of over 1 trillion $USD.
  • Bespoke: Blockchain can be used to solve various problems including: data storage, finance, identity management and privacy.
  • Established: The worlds second highest valued blockchain is Ethereum, which is designed to help developers easily deploy blockchain based applications and solutions.

Can it be done? Is there any proof?

Possibly and yes. In our next blog post (next Friday- 29-10-2021) we will investigate exactly how such a blockchain could be created, with references to the specific technology required, in a language that is easy to understand.

Important Note: Not all Blockchains and Cryptocurrencies can be trusted. This blog should not be read as invesment advice. Remember to do your own research and seek advice from elders and professionals before investing.