This is the first property whereby the concept of Ownership of the property and the right to Occupy the property are crystallized on the blockchain as separate and distinct digital components. We are therefore moving from highly traditional real estate transactions to a fully decentralized protocol through a new layer of technology. HouseBit operates under Florida Real Estate Laws and complies with all applicable statutes. Holders of both the ownership and occupancy tokens are beneficiaries of a land trust created for the property which is held but a Trustee, who acts as a fiduciary for the beneficiaries and on the instructions of the beneficiaries.