Imagine a world where property transactions are fast, efficient and free of cumbersome contracts.
Five years ago, this may have seemed like a pipedream that was light years away. But as new technology begins to seep into the commercial real estate landscape, this dream could soon become a reality. Blockchain, the technology that allows information to be stored and distributed through a digital ledger, will begin to impact commercial real estate. Blockchain functions on a decentralized system, meaning transactions can be completed without intermediaries. Instead, digital contracts allow users to exchange anything of value, from property to shares, through an encrypted ledger that can be stored and shared.Read More