Blockchain technology: the next big thing in commercial real estate


#1

Blockchain technology has recently been adopted and adapted for use by the commercial real estate (CRE) industry. CRE executives are finding that blockchain-based smart contracts can play a much larger role in their industry. Blockchain technology can potentially transform core CRE operations such as property transactions like purchase, sale, financing, leasing, and management transactions.

Download the report " Blockchain in commercial real estate" to learn more.

source: https://www2.deloitte.com/us/en/pages/financial-services/articles/blockchain-in-commercial-real-estate.html


#2

Not only in Commerical Real Estate (CRE), Blockchain Smart Contracts can be (and will be in future) used in many other industries, bringing transparency and convenience in carrying out transactions.


#3

Yes I believe so, from aviation down to the trains on the railway, this blockchain technology will be used. It is just a matter of time. Once all the doubts are cleared and support from the government and community is received, nothing will stop this digital revolution. We have nowhere to go but up. We just need to be patient enough to wait until we get there. Blockchain technology has potential in every industry we know. We can al see that a there are more and more start ups which are targeting different industries. WE all look forward to that date, wherein blockchain is being used everywhere, no boundaries and restrictions, free moving, all decentralized.


#4

Very well said. Cheers. Future is bright with blockchain.


#5

well analyse, but the plain trust is that the success of blockchain did not need government approval it all lies in our hand because waiting for government approve before blockchain or crytpo can improve is a wrong dream the government will only come when they see the good impart of blockchain in the economy.


#6

None of this is new . … I can get that all day long on property/reits which are strongly regulated and … cool? now you can own a piece of a huge ass resort in south america! … for something with such a large volume as real estate income. … So I DO understand how cryptos and blockchain technology works.


#7

It encourages secure online transactions which is one of its biggest benefits. Basically, being a distributed and decentralized ledger that keeps a close eye on all the transaction records, it doesn’t let the record to be altered by anyone. This enhances the security. In addition to this, participants and the business owners can always make sure of los cost auditing at the end. One thing that can always be assured with blockchain is every block or unit can be transferred only once which simply eliminates the double spending problem.


#8

Quite right. In fact, the blockade has so many possibilities that we do not even guess.