Dutch city plans to use blockchain technology to record real estate lease agreements and transactions

Briefing

Dutch city plans to use blockchain technology to record real estate lease agreements and transactions

February 7, 2017

Briefing

  • Blockchain in Real Estate – City of Rotterdam partnered with Deloitte’s Netherland branch and Cambridge Innovation Center to develop new system for real estate transactions leveraging blockchain technology
  • Application – Will initially be tested on recording lease agreements, but soon expand to other services such as recording payments
  • Benefits – Include reduced transaction times and costs, while digitized transactions allow for future data analysis enabling buying, selling, and construction decisions
  • Other Projects – Port of Rotterdam also exploring blockchain applications, while national and municipal governments are undertaking digital modernization effort

Accelerator

Sector

Real Estate and Construction

Organization

Cambridge Innovation Center, Deloitte Touche Tohmatsu Ltd., Port of Rotterdam

Source

Original Publication Date

December 12, 2016

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