Blockchain-Based Real Estate Market: One Method for Applying Blockchain Technology in Commercial Real Estate Market

Abstract

Global real estate (RE) investments account more than twice the size of the stock market. Yet the number of investors in RE are much lower, because of the liquidity and global access. Tenants, owners, and investors are barely satisfied in the current system. In this paper, the goal is to try out the employment of blockchain in RE market and represent the facilities it can give to the RE market. The research to date leads to the following conclusions: Blockchain technology and smart contracts can sort out the classical issues that RE is facing with, and they offer much more meaningful tools for a game theoretic stable-priced market.