US Macro Forecast – February 2018
From Deloitte:
Blockchain technology has recently been adopted and used in the commercial real estate (CRE) industry. CRE executives are realizing that blockchain-based smart contracts can play a larger role in the industry. Blockchain technology has the potential to transform core CRE operations, including real estate transactions such as purchases, sales, financing, leasing, and management transactions.
The report “provides more detailed information on how blockchain can benefit businesses. Overall, for blockchain technology to be relevant, certain prerequisites must be met. Once a company has identified the processes that can be enabled by blockchain technology, it must assess the costs and benefits, which may benefit from assessing the scope of an overhaul of existing systems and interoperability with the various technology systems used by the various parties in a CRE transaction.”
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CRE Editor
The Editor manages this CRE blog and the Corporate Real Estate LinkedIn group.