The Practitioner Perspective: Tokenization of Real Estate

Srećković, Marijana; Wurdinger, Bernhard

doi:10.35490/EC3.2025.447

Record link:

http://hdl.handle.net/20.500.12708/221961

Title:

The Practitioner Perspective: Tokenization of Real Estate

Citation:

Srećković, M., & Wurdinger, B. (2025). The Practitioner Perspective: Tokenization of Real Estate. In E. Petrova, M. Srećković, P. Meda, R. K. Soman, J. Beetz, J. McArthur, & D. Hall (Eds.), Proceedings of the 2025 European Conference on Computing in Construction & 42nd International CIB W78 Conference on Information Technology in Construction (pp. 407–414). European Council for Computing in Construction. https://doi.org/10.35490/EC3.2025.447

CatalogPlus:

AC17725352

Publisher DOI:

10.35490/EC3.2025.447

Publication Type:

Inproceedings - Full-Paper Contribution

Language:

English

Authors:

Srećković, Marijana
Wurdinger, Bernhard

Organisational Unit:

E210-01 - Forschungsbereich Integrale Planung und Industriebau

Published in:

Proceedings of the 2025 European Conference on Computing in Construction & 42nd International CIB W78 Conference on Information Technology in Construction

ISBN:

978-9-083451-31-2

DOI of the book:

10.35490/EC3.2025

Date (published):

Jul-2025

Event name:

2025 European Conference on Computing in Construction & 42nd CIB W78 IT in Construction Conference (EC³ & CIB W78)

Event date:

14-Jul-2025 - 17-Jul-2025

Event place:

Porto, Portugal

Number of Pages:

Publisher:

European Council for Computing in Construction

Keywords:

Tokenazation; Legal constraints; Technical constraints; Process

Abstract:

This study explores blockchain's potential in real estate development, focusing on the economic, legal, and technical framework for tokenization. Real estate development is a high-risk, capital-intensive process with long timelines. Blockchain can mitigate these challenges by dividing ownership and financial flows into digital tokens. Based on a literature review, the research examines the conditions for tokenization, suitable token structures, and its impact on project conception, considering different asset classes and property uses. Expert interviews are conducted to examine the necessary technical, legal and economic conditions for the implementation of tokenization in practice, additionally identifying both potential benefits and challenges.

Project title:

BIM digital signiert mit Blockchain in der Planungsphase: 873842 (FFG - Österr. Forschungsförderungs- gesellschaft mbH)

Additional information:

https://ec-3.org/publications/conference/?id=EC32025

Research Areas:

Energy Active Buildings, Settlements and Spatial Infrastructures: 50%
Information Systems Engineering: 20%
Modeling and Simulation: 30%

Science Branch:

2011 - Bauingenieurwesen: 25%
2012 - Architektur: 25%
1020 - Informatik: 50%

License:

CC BY-NC-ND 4.0