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
E210-01 - Forschungsbereich Integrale Planung und Industriebau
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Published in:
Proceedings of the 2025 European Conference on Computing in Construction & 42nd International CIB W78 Conference on Information Technology in Construction
2025 European Conference on Computing in Construction & 42nd CIB W78 IT in Construction Conference (EC³ & CIB W78)
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Event date:
14-Jul-2025 - 17-Jul-2025
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Event place:
Porto, Portugal
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Number of Pages:
8
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Publisher:
European Council for Computing in Construction
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Keywords:
Tokenazation; Legal constraints; Technical constraints; Process
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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.
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Project title:
BIM digital signiert mit Blockchain in der Planungsphase: 873842 (FFG - Österr. Forschungsförderungs- gesellschaft mbH)
CC BY-NC-ND 4.0
