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How Decentralized Autonomous Organizations are Affecting Real Estate

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Abstract

Blockchain technology is innovating the real estate industry, providing greater accessibility, and streamlining the process for investors, buyers, and sellers. Three approaches that utilize blockchain technology for real estate are: virtual real estate, real estate tokenization, and fractional investment. Virtual real estate enables users to purchase digital properties in virtual worlds and monetize their investment. Real estate tokenization creates digital tokens that represent ownership of real estate assets, while fractional investment enables users to share ownership of properties by purchasing tokens that represent a percentage of the asset. Decentralized Autonomous Organizations (DAOs) and Non-fungible tokens (NFTs) can offer a new way for clients to access exclusive real estate properties and services. In this research we suggest a Real Estate membership by buying properties or NFTs. In a hypothetical use case, clients can enjoy special advantages such as priority access to off-market properties, individualized counseling, and revenue-sharing options. However, there are still challenges to overcome, such as regulation, mass adoption, and lower gas fees that can be analyzed deeper on future research.

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Acknowledgements

This work has been supported by FCT – Fundação para a Ciência e Tecnologia within the R&D Units Project Scope: UIDB/00319/2020.

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Authors and Affiliations

  1. Algoritmi Reasarch Center, School of Engineering, University of Minho, Azurém Campus, 4800-05, Guimarães, Portugal

    Gonçalo Cruz, Tiago Guimarães, Manuel Filipe Santos & José Machado

Authors
  1. Gonçalo Cruz

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  2. Tiago Guimarães

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  3. Manuel Filipe Santos

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  4. José Machado

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Corresponding author

Correspondence toTiago Guimarães.

Editor information

Editors and Affiliations

  1. Universidade do Minho, Braga, Portugal

    José Manuel Machado

  2. BISITE research group, University of Salamanca, Salamanca, Spain

    Javier Prieto

  3. Guarda Polytechnic Institute, Guarda, Portugal

    Paulo Vieira

  4. Universidade do Minho, Braga, Portugal

    Hugo Peixoto

  5. Universidade do Minho, Braga, Portugal

    António Abelha

  6. Científicas, ITEFI, Instituto de Física Aplicada, Consejo Superior de Investigaciones, Madrid, Spain

    David Arroyo

  7. Pappelallee, IOTA Foundation, Berlin, Germany

    Luigi Vigneri

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© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG

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Cruz, G., Guimarães, T., Santos, M.F., Machado, J. (2023). How Decentralized Autonomous Organizations are Affecting Real Estate. In: Machado, J.M.,et al. Blockchain and Applications, 5th International Congress. BLOCKCHAIN 2023. Lecture Notes in Networks and Systems, vol 778. Springer, Cham. https://doi.org/10.1007/978-3-031-45155-3_28

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