ColliersInsightsOccupierServices|APAC15March2018TAMEORTRANSFORMATIONAL?ASSESSINGBLOCKCHAIN’SCOMMERCIALREALESTATEIMPACTSINASIAEXECUTIVESUMMARYBlockchaintechnologyallowsallinformationrelatingtoaseriesoftransactionstobedistributedacrossanetworkofcomputersknownasnodes.Blockchaincreatesdigitaltrackrecordsthatareshared,transparent,rapidlyupdatableandverydifficulttohack.Furthermore,blockchaineliminatestheneedforacentralauthoritytoapprovetransactionsandverifyidentities.Realestateisripeforblockchain-baseddisruptionduetothecomplexityofthetypicaltransaction.Movinglandregistries,forexample,ontoblockchainpromisestocreatetamper-proofrecords,enhancingtheclarityandsecurityofpropertyownership.Thisadvantageoughttomakeblockchainattractivetogovernments;andthefactthatdevelopedmarketslikeSwedenandJapanaretakingthepropertyapplicationso