Commercial real estate constitutes a significant portion of world economic asset and transaction activity. According to an MSCI report, the size of the professionally managed global real estate investment market increased from $7.4 trillion in 2016 to $8.5 trillion in 2017. With rising valuations of properties and continuous development around the world, blockchain technology is primed to bring several benefits to the real estate industry:
- Automation and more efficient processes
- Reduced costs
- Network transparency and data accessibility
- Real-time payment settlements
- Tokenization
