Blockchain: Towards Disruption in the Real Estate Sector

Abstract

In response to greater demand for transparency, technology advancements and the disintermediation by startups are gradually making some of the information public. As a result, property-related information is increasingly available in digital and paper form. However, a significant portion of the digitized information is hosted on disparate systems, which results in a lack of transparency and efficiency, and a higher incidence of inaccuracies that creates a greater potential for fraud. Blockchain technology could enable the commercial real estate industry to address these inefficiencies and inaccuracies.

This research focusses on exploring the different possibilities for integrating blockchain technology in the real estate management process. By analyzing the current real estate management process and gaining knowledge about the implementation of blockchain technology, the objective of this research is exploring in which phases of the real estate management process the process can benefit from the use of blockchain technology.

The research findings contribute to the knowledge of opportunities for broad implementation of blockchain technology in the real estate management process by providing a scientific based research document. It provides a broad overview of different opportunities and constraints for using blockchain technology in the process. It increases awareness for the disruption this technology might bring. This research provides scientific arguments for possibilities of implementing blockchain technology in the real estate management process and will function as a trigger for continuation of research into this topic.