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Kevin Shtofman, Deloitte’s national blockchain real estate leadNEW YORK CITY—“In a nutshell, Blockchain is just today’s database 2.0,” said Deloitte Consulting real estate practice manager Kevin Shtofman. “Think of it as a general ledger that has transaction histories, purchases, sales of assets, finance, data that sits up there on a chain of blocks.”
Each block of information has a unique 32-character, alphanumeric code. Each user has a private 32-character alphanumeric password. Today, it would take a couple of days to hack an eight-letter password. But to hack a blockchain would take 700 million years, according to Shtofman.
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Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
In our exclusive audio interview, NKF's research director Marianne Skorupski says rising office vacancy rates could be a sign that the expansion mode has ended, or at least is taking a breather.
Alternative sectors account for $9.9 trillion, or 37%.
More people are renting particularly in expensive cities like NYC and LA.
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