Blockchain and Real Estate Industry

Abstract

The underlying layer of Bitcoin, blockchain technology, is the disruptive technology after the internet. This thesis studies the real estate industry and blockchain technology to highlight the needs for a fusion, along with the current technological and economic developments as the facilitators of adaptation between the industry and technology. Conducting a survey, this study proofs that public perceptions, interest, knowledge, and legal awareness for cryptocurrencies and smart contracts are low for both real estate and other industries. After reviewing the current applications of blockchain technology in the real estate, this thesis offers other use cases of the technology within the industry.