The creation of digital money introduced a range of benefits and challenges to many areas of society. Digital monies became known as 'cryptocurrencies', and blockchain is one form of technology that was devised in response to issues surrounding 'double spending'.
Blockchain has several implications for the commercial property sector in terms of real estate and valuation. This section explores some of these implications, such as a lack of transparency, transaction speed and the risks involved.
RICS insight paper: Blockchain: an emerging opportunity for surveyors?
RICS insight paper: The use and value of commercial property data
RICS journal article: Blockchain and residential sales