Skip to main content
SpringerLink
Log in

How Decentralized Autonomous Organizations are Affecting Real Estate

  • Conference paper
  • First Online:
Blockchain and Applications, 5th International Congress (BLOCKCHAIN 2023)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 778))

Included in the following conference series:

  • 231 Accesses

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.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 149.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 199.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Böhme, R., Christin, N., Edelman, B., Moore, T.: Bitcoin: economics, technology, and governance. J. Econ. Perspect. 29(2), 213–238 (2015). https://doi.org/10.1257/jep.29.2.213

    Article  Google Scholar 

  2. Buterin, V.: A next generation smart contract & decentralized application platform (2014)

    Google Scholar 

  3. Barañano, A.M.: Métodos e técnicas de investigação em gestão: manual de apoio à realização de trabalhos de investigação (2004)

    Google Scholar 

  4. Quivy, R., Van Campenhoudt, L., Santos, R.: Manual de investigação em ciências sociais (1992)

    Google Scholar 

  5. Nakamoto, S.: Bitcoin: a peer-to-peer electronic cash system (2008). https://bitcoin.org/

  6. Buterin, V.: Chain interoperability (2016). http://andolfatto.blogspot.ca/2015/02/fedcoin-on-desirability-of-government.html

  7. Ranaldo, A.: Non-fungible tokens (2022). https://ssrn.com/abstract=4274986

  8. Wang, Q., Li, R., Wang, Q., Chen, S.: Non-fungible token (NFT): overview, evaluation, opportunities and challenges (2021). http://arxiv.org/abs/2105.07447

  9. Yan, T., Kelly, K.: The Year Ahead for NFTs (2022)

    Google Scholar 

  10. Zimmermann, R.: Decentralized finance (Defi) high potential with new rules of the game (2021). https://morethandigital.info/en/decentralized-finance-defi-high-potential-with-new-rules-of-the-game/

  11. Karim, S., Lucey, B.M., Naeem, M.A., Uddin, G.S.: Examining the interrelatedness of NFTs, DeFi tokens and cryptocurrencies. Finan. Res. Lett. 47 (2022). https://doi.org/10.1016/j.frl.2022.102696

  12. Wang, S., Ding, W., Li, J., Yuan, Y., Ouyang, L., Wang, F.Y.: Decentralized autonomous organizations: concept, model, and applications. IEEE Trans. Comput. Soc. Syst. 6(5), 870–878 (2019). https://doi.org/10.1109/TCSS.2019.2938190

    Article  Google Scholar 

  13. Wright, A.: The rise of decentralized autonomous organizations: opportunities and challenges (2021). https://letstalkbitcoin.com/is-bitcoin-overpaying-for-false-security

  14. Chohan, U.W.: The decentralized autonomous organization and governance issues (2017)

    Google Scholar 

  15. Ethereum: Decentralized autonomous organizations (DAOs) (2023). https://ethereum.org/en/dao/

  16. Balakrishnan, A., Yeakley, J.: The year ahead for DeFi (2022)

    Google Scholar 

  17. Moringiello, J.M., et al.: Blockchain real estate and NFTS. https://ssrn.com/abstract=4180876

  18. Tan, E.: NFT-linked house sells for $650K in Propy’s first US sale (2022). https://www.coindesk.com/business/2022/02/11/nft-linked-house-sells-for-650k-in-propys-first-us-sale/

  19. Propy: Florida – the home of the first US real estate NFT (2023). https://propy.com/browse/first-us-real-estate-nft/

  20. Ordano, E., Meilich, A., Jardi, Y., Araoz, M.: Decentraland a blockchain-based virtual world (2023)

    Google Scholar 

  21. Jackobson, R.: Real T legally compliant ownership of tokenized real estate (2019)

    Google Scholar 

Download references

Acknowledgements

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

Author information

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
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Tiago Guimarães
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Manuel Filipe Santos
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. José Machado
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Tiago 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

Rights and permissions

Reprints and permissions

Copyright information

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

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

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

Download citation

Publish with us

Policies and ethics

Search

Navigation