Implementing Blockchain Technology

Application and Impact on the Real Estate and Construction Industry

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05.11.2022 - I submitted the Master Thesis as part of my M.Sc. Management Studies at TU Munich at the Chair for Strategy and Organization under the guidance of Prof. Dr. Welpe.

At a Glance

Technology Readiness Level still insufficient in the sector
Uncertainties restrict enormous potential
Low awareness in public and professional circles
Requirements for potential adoption include

comprehensive legal framework
smart contract enforceability
intuitive UX and UI design
technical enhancements

Motivation

While blockchain technologies have already been perceived as golden bullet and the next big thing after the internet, broad adoption within real estate and construction industries could not yet be witnessed. Digitalisation only slowly finds its way into the sector, showing discrepancies between the technology’s possibilities and the final degree of real-world application. Consequently, a clarifying assessment regarding the practicality and actual potential of blockchain technologies in the industry is required.

Research Question

“To what extent can Blockchain Technologies disrupt the industries of Real Estate and Construction under consideration of practicality and legal frameworks?”

Infographic

Executive Summary

https://syncandshare.lrz.de/getlink/fiWyFoRo8p4QVCWcHTxVUd/20221104_Kehrer_Executive Summary.pdf

“You must do the things you think you cannot do.” – Eleanor Roosevelt

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