Blockchain technology: the next big thing in commercial real estate

Blockchain technology: the next big thing in commercial real estate


May 2017

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. In particular, we have found that among the core CRE processes, leasing is well-suited for blockchain adoption. When we consider the processes and the need for smart contracts, leasing meets the prerequisites for using blockchain technology.

Keywords: Deloitte, blockchain

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