Solutions built around blockchain technology offer several upfront benefits, including a censorship-resistant, irreversible distributed ledger. Deloitte’s study revealed blockchain’s position as a perfect fit for real estate use cases around leasing and selling.
Blockchain innovations often outdo traditional systems by not only digitizing information but also introducing a near real-time trustless environment, among other features. Big Four accounting firm Deloitte uncovered six opportunities for blockchain to disrupt the commercial real estate (CRE) industry.
The above infographic highlights six key pain points for CRE owners when leasing and selling their properties and maintaining complex transaction data. With this in the backdrop, Deloitte noted six opportunities for blockchain to serve the industry, which include improving processes around searching for properties and allowing people to make better decisions around leasing and purchasing.
Due to paperless processes, Deloitte envisions blockchain expediting property and payment evaluations and better-streamlining cash flow management. In addition, the technology's inherent qualities also offer cheaper means of managing property ownership history while enabling efficient processing of financing and payments.
The study reveals that blockchain technology is well-positioned to take over more than 50% of the leasing and sale process, excluding steps requiring physical intervention such as property inspection and loan negotiations. Deloitte noted:
“Blockchain seems to be most applicable to dynamically configurable or co-sharing spaces, which have a relatively higher number of tenants and shorter duration leases.”
While Deloitte’s report reaffirms blockchain’s potential to drive transparency, efficiency, and cost savings for commercial real estate owners, companies and CRE owners are advised to follow a three-step approach — educate, collaborate or create, facilitate — in determining the best way ahead for blockchain implementation.
Related: Nonfungible tokens don't live on the blockchain, experts say
While nonfungible tokens (NFTs) have been advertised as blockchain-based technologies, experts contradict the notion.
Speaking to Cointelegraph, Jonathan Victor, the Web3 storage lead at Protocol Labs, revealed that main chains are very limited in size, which in turn makes storing data on the blockchain to be expensive. As a result, NFT ecosystems often opt for off-chain storage solutions.
Alex Salnikov, the co-founder of Rarible, confirmed the above claim as he told Cointelegraph:
“It is important to understand that the NFT living in a user’s wallet only points to the file it represents — the actual file itself, also known as an NFT’s metadata, is typically stored elsewhere.”
Despite the revelation, both experts noted that storage for NFTs can still be considered decentralized.
A man from China, Jiangsu, accumulated significant debt after losing money in cryptocurrency and gambling. To cover his losses, he committed fraud by borrowing against luxury cars he didn't own, which led to his arrest and a three-year prison sentence for contract fraud.
Weatherly本周一，菱传媒爆料，前台北市长柯文哲因涉嫌京华城案被羁押，相关调查发现其加密货币冷钱包已被查扣。然而，由于缺少钱包的私钥和助记词，检调遇到技术瓶颈，调查进展受阻，或将延长羁押期限。专家指出，即便无助记词，USDT等加密资产仍有可能通过申请冻结处理。
AlexTelegram game Tomarket has set new requirements for its 31 October TOMA token airdrop on TON. Players must reach Bronze status and include a tomato emoji in their username to qualify. The key question: will TOMA fade after the hype, or achieve lasting success?
Catherine本周一，四位联准会官员针对未来的降息策略发表了各自的看法。三位官员倾向于“谨慎、渐进降息”，而拥有今年投票权的旧金山联准银行总裁戴利（Mary Daly）认为当前利率过于严格，暗示降息步伐可能需要加快。
AlexTigran Gambaryan, a Binance executive, was released after Nigeria dropped money laundering charges due to his worsening health. His detention lasted over seven months, and diplomatic pressure played a key role in securing his release.
JoyMiles Brundage, OpenAI’s Senior Advisor for AGI Readiness, has resigned to focus on AI policy. His departure, alongside other high-profile exits, prompts questions about the potential long-term impact on the for-profit AI company. How will these shifts influence OpenAI's future trajectory?
Kikyo在美国证券交易委员会（SEC）主席Gary Gensler最近的一次采访中，他不仅表示将继续考虑如何监管加密货币，还罕见地预祝了比特币白皮书发布16周年。这是否暗示着他可能即将离职？
Weiliang彭博社报道称，俄罗斯正试图通过在金砖国家内部使用比特币等加密货币来绕过西方制裁。此前，俄罗斯曾表态金砖国家将利用加密货币推动投资与经济发展。
WeiliangNorth Korean hackers are targeting crypto investors worldwide with a convincingly designed gaming site featuring AI-generated content. They have invested substantial resources into promoting this game, allowing them to exploit a zero-day vulnerability in Google’s Chrome browser that reportedly drains users’ wallets.
CatherineRipple CEO Brad Garlinghouse revealed that Citigroup terminated his banking relationship due to his involvement in the crypto industry, highlighting the growing issue of de-banking for crypto professionals. He criticised the Biden administration's regulatory stance and expressed optimism for a more favourable crypto environment after the upcoming presidential elections.
Anais