Blockchain makes sense for commercial real estate: Deloitte

08/08 09:27

According to Cointelegraph, Big Four accounting firm Deloitte uncovered six opportunities for blockchain to disrupt the commercial real estate (CRE) industry, which include improving processes around searching for properties and allowing people to make better decisions around leasing and purchasing. Due to paperless processes, Deloitte envisions blockchain expediting property and payment evaluations and better-streamlining cash flow management. In addition, the technology’s inherent qualities also offer cheaper means of managing property ownership history while enabling efficient processing of financing and payments. The study reveals that blockchain technology is well-positioned to take over more than 50% of the leasing and sale process. Deloitte noted: “Blockchain seems to be most applicable to dynamically configurable or co-sharing spaces, which have a relatively higher number of tenants and shorter duration leases.”
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