Six reasons why blockchain makes sense for commercial real estate: Deloitte

Research finds that blockchain technology is well positioned to support over 50% of the entire rental process and sale in commercial real estate.
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Solutions built around blockchain technology provide several upfront benefits, including an irreversible and censorship-resistant distributed ledger. Deloitte's study found blockchain to be a perfect fit for real estate use cases around renting and selling.

Blockchain innovations often outperform traditional systems by not only digitizing information, but also by introducing a near real-time trustless environment, among other features. Accounting firm Big Four Deloitte has uncovered six opportunities for blockchain to disrupt the commercial real estate (CRE) industry.

The infographic above highlights six major pain points for CRE owners when renting and selling their properties and managing complex transaction data. With this as a backdrop, Deloitte noted six opportunities for blockchain to serve the industry, including improving property search processes and enabling people to make better decisions about renting and buying. .

With paperless processes, Deloitte plans to use blockchain to speed asset and payment valuations and better streamline cash flow management. In addition, the inherent qualities of the technology also provide less expensive means of managing ownership history while enabling efficient financing and payment processing.

The study reveals that Blockchain technology is well positioned to support over 50% of the rental and sales process, excluding steps requiring physical intervention such as property inspection and loan negotiations. Deloitte noted:

"Blockchain seems to be more applicable to dynamically configurable or co-shared spaces, which have a relatively higher number of tenants and shorter lease durations."

As Deloitte's report reaffirms blockchain's potential to drive transparency, efficiency and cost savings for commercial real estate owners, businesses and CRE owners are urged to f...

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Six reasons why blockchain makes sense for commercial real estate: Deloitte

Research finds that blockchain technology is well positioned to support over 50% of the entire rental process and sale in commercial real estate.

New

Solutions built around blockchain technology provide several upfront benefits, including an irreversible and censorship-resistant distributed ledger. Deloitte's study found blockchain to be a perfect fit for real estate use cases around renting and selling.

Blockchain innovations often outperform traditional systems by not only digitizing information, but also by introducing a near real-time trustless environment, among other features. Accounting firm Big Four Deloitte has uncovered six opportunities for blockchain to disrupt the commercial real estate (CRE) industry.

The infographic above highlights six major pain points for CRE owners when renting and selling their properties and managing complex transaction data. With this as a backdrop, Deloitte noted six opportunities for blockchain to serve the industry, including improving property search processes and enabling people to make better decisions about renting and buying. .

With paperless processes, Deloitte plans to use blockchain to speed asset and payment valuations and better streamline cash flow management. In addition, the inherent qualities of the technology also provide less expensive means of managing ownership history while enabling efficient financing and payment processing.

The study reveals that Blockchain technology is well positioned to support over 50% of the rental and sales process, excluding steps requiring physical intervention such as property inspection and loan negotiations. Deloitte noted:

"Blockchain seems to be more applicable to dynamically configurable or co-shared spaces, which have a relatively higher number of tenants and shorter lease durations."

As Deloitte's report reaffirms blockchain's potential to drive transparency, efficiency and cost savings for commercial real estate owners, businesses and CRE owners are urged to f...