Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220447
Title: POTENTIAL OF BLOCKCHAIN APPLICATIONS IN REAL ESTATE
Authors: NATASHA PEARL LOW MING CHOO
Keywords: Real Estate
Yu Shi Ming
Blockchain Technology
Blockchain
Real Estate Technology
RE
2018-2019 RE
Issue Date: 10-May-2019
Citation: NATASHA PEARL LOW MING CHOO (2019-05-10). POTENTIAL OF BLOCKCHAIN APPLICATIONS IN REAL ESTATE. ScholarBank@NUS Repository.
Abstract: Numerous research studies have been carried out on the potentials of blockchain technology and the application of this technology. More recently, there have been an increasing number of studies that focus on the widespread use of blockchain applications and how this phenomenon has been able to affect major industries such as the financial technology industry. However, very few studies have been undertaken to examine the emergence of blockchain applications within the real estate industry. The objective of this study is to examine the potential of blockchain technology application in Singapore and investigate the usage of real estate blockchain applications. This study will also identify features of a real estate blockchain application that most appeal to market players in Singapore, and thus will be useful to current and prospective real estate blockchain application developers in the domestic market. This study involved the use of two statistical methods, namely the Descriptive Statistic and One-way Analysis of Variance (ANOVA). The results from this study validate the movement of blockchain application development within Singapore. However, the results show that real estate blockchain applications in Singapore have not gained much traction and is only likely to become visible in the years to come. Additionally, the results from this study were able to highlight the different preferences of functions to be the basis of real estate blockchain applications in Singapore as compared to other countries. The relevance of government initiative in implementing this technology is also studied and the necessity of government’s intervention is eventually dismissed. Finally, results indicate that people are still optimistic about the future of blockchain applications in real estate, which suggests high potential in the development of these applications in private real estate.
URI: https://scholarbank.nus.edu.sg/handle/10635/220447
Appears in Collections:Bachelor's Theses

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