Introducing Blockchain to Commercial Real Estate: Exploring the applicability of blockchain technology in lowering transaction costs of the commercial real estate due diligence process

The global market for real estate has experienced a significant growth since the financial crisis in 2008. The current global value amounts to more than $200 trillion and comprises nearly 60% of the value of all global assets, including equities, bonds, and gold. Yet, the commercial real estate market is inefficient and opaque due to its...