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ARTICLE · 31 JULY 2019

Proptech In The United States – Where We're Heading

DLA Piper UK LLP
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The traditional real estate industry is being reshaped by the emergence of blockchain technologies, artificial intelligence, and the Internet of Things.

United StatesTechnology
Guy Flynn
Guy Flynn
Lin Pang
Lin Pang

Part 1 - Blockchain-based smart contracts and transaction automation

PropTech Insights

The traditional real estate industry is being reshaped by the emergence of blockchain technologies, artificial intelligence, and the Internet of Things. These technologies help real estate "incumbents" execute transactions more efficiently and consistently. But this is only a small part of their impact. The more disruptive change created by PropTech technologies is the evolution of new business models that transform operations and create new revenue streams. Terms like the shared economy, smart buildings, smart cities, tokenization of real estate assets, and virtual reality are signposts of this vast change.

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