A critical review of distributed ledger technology and its applications in real estate

Overview: Real estate transaction processes are considered to be inefficient, and real estate investments are often seen as ‘lumpy’ and illiquid. Triggered by the initial interest in Bitcoin, the distributed ledger technology (DLT), particularly in the form of blockchain, has drawn much attention from stakeholders in the real estate sector, as the technology has the potential to improve speed, efficiency, transparency and trust in transaction value chains. This study aims to critically review the current and potential applications of DLT in real estate and discuss how stakeholders in the industry will be affected.