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Cushman & Wakefield’s Latest Blockchain Report Shares Insight on Implications for Real Estate Industry

Blockchain influence on transactions, supply chain management are cited as most likely to have ripple effect on commercial real estate markets Chicago, November 16, 2018 – Cushman & Wakefield today released insights on how blockchain, the $945 million-dollar technology underlying cryptocurrencies, will impact the commercial real estate sector around the globe. Cushman & Wakefield’s latest research, Blockchain, Bitcoin and Real Estate - Part 2 of the Tech Disruptor Series, takes a deeper dive into the industries and verticals most likely to transition to blockchain technology in the coming years, and how these innovations will, in turn, impact commercial real estate. While blockchain is forecast to turn into a billion dollar industry in the next few years, growing to $9.7 billion by 2021, the report states that adoption in the commercial real estate markets is limited. To date, a handful of single-family sales have taken place using cryptocurrency. In March 2018, Cushman [...]