EXECUTIVE SUMMARY
Blockchain technology allows all information relating to a series
of transactions to be distributed across a network of computers
known as nodes. Blockchain creates digital track records that
are shared, transparent, rapidly updatable and very difcult
to hack. Furthermore, blockchain eliminates the need for a
central authority to approve transactions and verify identities.
Real estate is ripe for blockchain-based disruption due to the
complexity of the typical transaction. Moving land registries,
for example, on to blockchain promises to create tamper-
proof records, enhancing the clarity and security of property
ownership. This advantage ought to make blockchain attractive
to governments; and the fact that developed markets like
Sweden and Japan are taking the property applications of
blockchain seriously is a positive sign. That said, we anticipate
resistance to adoption of blockchain by more traditional
governments and regulators, and perhaps also by vested
interests like the legal profession. We suspect that adoption
will be faster in emerging markets where there is a greater
motivation to enhance transparency and tackle corruption.
In combination with the spread of artifcial intelligence and
other technological trends, we expect that blockchain will lead
to lower staf requirements in back and middle ofces and to
reductions in ofce sizes (or at least to greater efciency
in ofce use). Blockchain should thus help accelerate a
decentralisation process in the fnancial sector in particular,
and to increase demand for fexible workspace.
ANDREW HASKINS
Executive Director
Research & Advisory | Asia
Tel: +852 2822 0511
Email: Andrew.Haskins@colliers
MICHAEL BOWENS
Executive Director
Regional Tenant Representation | Asia
Tel: +65 6531 8650
Email: Michael Bowens@colliers
03A RAPID RISE
04FROM IDEA TO IMPACT
06MEETING THE NEED FOR SPEED
08ENHANCING TRANSPARENCY
10DRIVING DECENTRALISATION
12PRACTICALITIES AND CHALLENGES
15BECOMING BLOCKCHAIN-READYBRACING FOR CHANGE:
BLOCKCHAIN’S KEY POTENTIAL
CRE APPLICATIONS
TABLE OF CONTENTS。