Adoption of smarts contracts by real estate firms globally 2023
About 13 percent of real estate firms used smart contracts, according to a 2023 survey among 750 CFOs at major companies worldwide. A smart contract is a digital contract stored on the blockchain. These contracts are automatically executed once the predetermined contract conditions are met. Approximately 21 percent of respondents shared that their firm was in early-stage adoption, while 29 percent were piloting the technology. Meanwhile, about nine percent of industry experts were not interested.
