scholarly journals Blockchain for Real Estate Industry

2019 ◽  
pp. 53-56 ◽  
Keyword(s):  
Real Estate ◽  
Digital Technologies ◽  
Use Cases ◽  
Real Estate Industry ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology ◽  
Real Estate Sector ◽  
High Level

Blockchain technology is one of the latest technologies on the horizon and has evolved over the last 7-10 years. There is tremendous potential for usage of Blockchain technology in today’s Real Estate industry. This paper aims to analyze the disruptive power of Blockchain digital technologies in the real estate industry. This paper will start with an introduction of the blockchain technology and high-level technical overview. It will then go on to discuss the various benefits the Real Estate industry can reap from this technology. It will also put forth various use cases or opportunities in the Real Estate sector for this technology. In the end, the paper will also discuss the present-day limitations and the questions marks over this technology in relation to its usage for the Real Estate industry.

scholarly journals Impacts of digitization on real estate sector jobs

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Daniel Piazolo ◽  
Utku Cem Dogan
Keyword(s):  
Real Estate ◽  
Weighted Average ◽  
Real Estate Market ◽  
Real Estate Industry ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Employment Agency ◽  
Real Estate Sector ◽  
Substitution Probability

PurposePrevious research on automation and job disruption is only marginally related to the real estate industry and its characteristics. This study investigates the effects of digitization on jobs in German real estate sector, in order to assess the proportion of jobs threatened to be replaced by automation. Since Germany is the largest EU economy insights for the German real estate market allow a first approximation for Europe.Design/methodology/approachAn extensive database of the German Federal Employment Agency containing job definitions and occupation titles is matched with real estate criteria to create a subset with the relevant real estate occupations. This data is combined with a database of the German Institute of Employment Research reflecting to what extent tasks within jobs can be automated by current technical capabilities.FindingsFor the 286 identified occupations within the real estate sector a weighted average of 47 percent substitution probability through current technological capabilities is derived for tasks within the examined occupations.Practical implicationsThis contribution indicates the extent of the structural change the real estate sector has to face due to digitization: One out of two real estate jobs will have to be re-created.Originality/valueThis research quantifies the magnitude of the job killer aspect of digitization in the real estate sector.

scholarly journals Real Estate and the Effects of the COVID-19 Pandemic in Europe

2020 ◽  
Author(s):  
Gianluca Mattarocci ◽  
Simone Roberti
Keyword(s):  
Real Estate ◽  
Commercial Real Estate ◽  
Disposable Income ◽  
Economic Environment ◽  
Site Visit ◽  
Real Estate Industry ◽  
The Real ◽  
The Real Estate ◽  
Building Type ◽  
Real Estate Sector

The real estate industry was severely affected by the COVID-19 in both the residential and the commercial sectors due to travel and site-visit limitations, rent sustainability issues and a decrease or higher uncertainty about disposable income. During the lockdown, houses became more important and were analysed in depth. It can be assumed that a new demand could emerge after this crisis making households looking for more comfortable houses since this asset will increase its importance for living and working. Similarly, the commercial real estate sector will change due to lower rent sustainability. However, the main expected change is related to the building type and the standards requested by tenants in the new economic environment.

scholarly journals Blockchain and real estate: Dopo di Noi project

2020 ◽  
Vol 38 (2) ◽  
pp. 273-295 ◽  
Author(s):  
Marzia Morena ◽  
Tommaso Truppi ◽  
Angela Silvia Pavesi ◽  
Genny Cia ◽  
Jacopo Giannelli ◽  
...  
Keyword(s):  
Real Estate ◽  
Severe Disabilities ◽  
Trust Model ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Real Estate Sector ◽  
Potential Applications

PurposeThis paper aims at investigating the possibility of effectively implementing the blockchain technology in the real estate environment, specifically applied to the Trust legal instrument in Dopo di Noi (After Us) project, which is intended to guarantee assistance to persons with severe disabilities.Design/methodology/approachThe paper is focused on how to apply the blockchain to the tool of Trust, analyzing the main features and characteristics of this technology.FindingsThe paper proposes two potential solutions for managing the Trust tool in the real estate sector, specifically within the Dopo di Noi project. The first simpler proposal is based on timestamping application. The second one radically changes the classical Trust model and introduces an automatization level in the process.Social implicationsThe paper presents potential applications of the blockchain technology within the framework of Dopo di Noi project, which allows among other features, legal and tax facilitation for the institution of Trusts to benefit persons with severe disabilities.Originality/valueThis paper highlights the potentiality of the combination of the blockchain technology and the real estate environment and applies the blockchain technology to the Dopo di Noi project. Specifically, with the second solution, the paper proposes a platform that gathers, in a single network, various elements of the blockchain technology, such as timestamping, smart property, smart contract, and links them in order to provide services to persons with severe disabilities.

Tokenomics: A new opportunity in the Real Estate business? A qualitative approach to crowdfunding and blockchain interaction

First Monday ◽  
2021 ◽  
Author(s):  
Fabio Creta ◽  
Francesca Tenca
Keyword(s):  
Real Estate ◽  
Real Estate Industry ◽  
The Real ◽  
The Real Estate ◽  
Technology Innovations ◽  
Real Estate Sector ◽  
Multiple Case ◽  
Multiple Case Studies ◽  
Alternative Finance ◽  
The Impact

The article discuss how platforms administrators operating within the ecosystem of real estate crowdfunding could implement technology innovations such as blockchains or the use of digital tokens, and list the benefits that could be obtained by real estate sector. We introduce an exploratory analysis of multiple case-studies, consisting of twelve businesses that manage real estate crowdfunding platforms. The information gathered through interviews gives an idea of how the shared opinion of professionals in the trade is identified with factors and variables that impact on the opening of this alternative finance segment towards technology innovations that may bring radical changes to the real estate industry. In terms of implications, this is one of the first studies exploring the adoption of innovative technologies by real estate crowdfunding platforms and, as far as we know, it is the first to analyse the impact of tokenization.

Legal challenges and opportunities of blockchain technology in the real estate sector

2020 ◽  
Vol 12 (2) ◽  
pp. 129-145 ◽  
Author(s):  
Rosa M. Garcia-Teruel
Keyword(s):  
Real Estate ◽  
Smart Contracts ◽  
Content Type ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology ◽  
Real Estate Sector ◽  
Challenges And Opportunities ◽  
The One ◽  
Legal Methodology

Purpose Blockchain, which was originally created to enable peer-to-peer digital payment systems (bitcoin), is considered to have several benefits for different sectors, such as the real estate one. In a standard European-wide real estate transaction, several intermediaries are involved. As a consequence, these agreements are usually time-consuming and involve extra difficulties to cross-border operations. As blockchain, combined with smart contracts, may have an important role in these transactions, this paper aims to explore its prospective challenges, limitations and opportunities in the real estate sector and discover how the traditional intermediaries have to face a possible implementation of this technology. Design/methodology/approach This paper analyses the current intermediaries in the real estate sector in European Union (EU), their functions and how can blockchain strengthen the security of these transactions while reducing their time. The author uses a legal methodology to approach it. Findings Blockchain, combined with smart contracts, has both challenges and opportunities for the real estate sector. On the one hand, it may improve procedures, allow EU transactions and the interconnection between public administration. However, to not reduce parties rights, this blockchain should have some special features, such as the possibility of being amended. Originality/value This paper provides a valuable overview of all the intermediaries that could be affected by blockchain protocols. It is of interest of blockchain developers, public administrations and researchers who are working on blockchain and property conveyancing.

scholarly journals Blockchain Technology and Real Estate – a cluster analysis of applications in global markets in the year 2021

2021 ◽  
Vol 129 ◽  
pp. 03027
Author(s):  
Philipp Schmidt ◽  
David Elferich
Keyword(s):  
Cluster Analysis ◽  
Real Estate ◽  
Balance Sheet ◽  
Value Added ◽  
Regional Differentiation ◽  
Real Estate Industry ◽  
Financial Industry ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology

Research background: Since the announcement by entrepreneur Elon Musk in the year 2021 about the inclusion of Bitcoin on the balance sheet of his automotive company Tesla, the economic significance of cryptocurrencies for the financial industry is taking on progressive importance. In addition to the financial economic consideration of cryptocurrencies, the underlying blockchain technology is undergoing a disruptive growth across industries – e.g. from automotive to real estate. Accordingly, in the report ‘Deep Shift Technology Tipping Points and Societal Impact’, the World Economic Forum predicted a far-reaching significance of the blockchain technology as early as 2015, and in 2020, the Global Future Council published a finding that the crypto market has reached a point of inevitability. Purpose of the article: The aim of this paper is to examine the degree of integration of the blockchain technology within the framework of a current market investigation using the real estate industry as an example. The leading application areas of the blockchain technology in the real estate industry will be presented. Methods: The market investigation of this paper is based, among other things, on a cluster analysis that examines a regional differentiation of the application areas on a global level. Findings & Value added: In this context, the market research indicates that the blockchain technology can be applied significantly in the real estate industry and that the Global Future Council finding can be replicated in many areas.

scholarly journals The New "Chain" of Title

2019 ◽  
Vol 5 (3) ◽  
pp. 401-420
Author(s):  
Matt Koronczok
Keyword(s):  
Real Estate ◽  
Insurance Industry ◽  
Real Estate Industry ◽  
Real Property ◽  
The Real ◽  
The Real Estate ◽  
Blockchain Technology ◽  
Land Title ◽  
Title Insurance ◽  
Near Future

Blockchain has recently driven a financial revolution in the realm of virtual currencies, smart contracts, and escrow services. Over the last year, the technology has also been mentioned as a harbinger of change in real estate transactions and land title research. Speculation about the technology’s likely impact in various industries is more warranted in some instances than others. Goldman Sachs, for its part, has suggested that, like other industries which have benefitted from the transparency and efficiency of blockchain technology, the title insurance industry will experience a dramatic boost in the near future. This suggestion, however, fails to recognize both the efficiency already achieved by industry title plants and the extent of legal problems that arise during title research—very few of which blockchain holds promise of mitigating. Public land titling offices, on the other hand, stand to gain significantly by adopting the technology. Because of blockchain’s decentralized and unalterable structure, the technology is useful for protecting records from natural disasters and government corruption. This Comment charts the real property legal issues that blockchain likely will and will not address. Developers and investors will find that understanding what blockchain can and cannot do for the real estate industry is crucial, because blockchain hype looms large and, as Bitcoin’s recently fluctuating prices prove, the way forward for blockchain investment can be uncertain.

scholarly journals Emotional Intelligence of Local and Overseas Graduates in Real Estate Industry in China

2021 ◽  
Vol 26 (1) ◽  
pp. 185-204
Author(s):  
Leshui Zhang ◽  
◽  
Riza Yosia Sunindijo ◽  
Keyword(s):  
Emotional Intelligence ◽  
Real Estate ◽  
Interpersonal Skills ◽  
International Study ◽  
Real Estate Industry ◽  
Structured Interviews ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Grade One

There is still limited research that investigates emotional intelligence in the context of the real estate sector in China, despite the rapid growth of the industry. Furthermore, there has been an exponential increase in the number of Chinese students studying overseas. Underpinned by these tendencies, this research investigates the levels of emotional intelligence of overseas and local graduates in the real estate sector in China. Data were collected using a survey of 140 employees and semi-structured interviews of four human resource managers in six Grade One state-owned real estate companies in China. The findings suggest that emotional intelligence influences the levels of interpersonal skills, represented by communication skills and teamwork behaviour. However, there is no difference in the levels of emotional intelligence between overseas and local graduates, suggesting that there are other factors that influence emotional intelligence development. Overseas graduates also seem to have greater difficulties than local graduates from elite universities to find jobs in the real estate sector. This suggests that international study experience is no longer adequate; instead, various contextualised interpersonal skills are needed to meet work demands in China. Developing emotional intelligence has been found to promote success across cultures and is a way to meet the demands of today's work environments in the real estate industry in China.

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