{"id":1004599948,"date":"2022-08-30T13:41:24","date_gmt":"2022-08-30T21:41:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004599948"},"modified":"2022-12-07T11:13:54","modified_gmt":"2022-12-07T19:13:54","slug":"the-cdo-stack-cres-top-tech-tools","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-cdo-stack-cres-top-tech-tools\/","title":{"rendered":"The CDO Stack: CRE&#8217;s Top Tech Tools"},"content":{"rendered":"<p>Are there really technologies that are emerging in commercial real estate?\u00a0 I\u2019m not so sure. I recently reviewed the findings of a Deloitte global survey on the topic and was surprised by the results. To level set, the \u201cemerging\u201d technologies that I\u2019m referring to are smart contracts, payment by cryptocurrencies, tokenization and the metaverse. I&#8217;m not surprised because the application of these technologies is bad for the industry, but rather because the results don\u2019t reconcile with what I\u2019m seeing, and it seems improbable that I\u2019m simply missing it.<\/p>\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color has-background\" href=\"https:\/\/mydigitalpublication.com\/publication\/?i=760030\" style=\"background-color:#00aeab\" target=\"_blank\" rel=\"noreferrer noopener\">READ THE DIGEST<\/a><\/div>\n<\/div>\n\n\n<div id=\"attachment_1004311820\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/John_DAngelo.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004311820\" data-attachment-id=\"1004311820\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/how-to-take-your-cre-data-to-the-bank\/john_dangelo\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/John_DAngelo.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D3&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1537782719&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;70&quot;,&quot;iso&quot;:&quot;500&quot;,&quot;shutter_speed&quot;:&quot;0.00625&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"John_DAngelo\" data-image-description=\"&lt;p&gt;John D&#8217;Angelo&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;CDO Stack: Smarter Buildings Can Be More Sustainable&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/John_DAngelo.jpg?w=800\" class=\"wp-image-1004311820 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/John_DAngelo.jpg?w=300\" alt=\"John D'Angelo\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/John_DAngelo.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/John_DAngelo.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/John_DAngelo.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004311820\" class=\"wp-caption-text\">John D&#8217;Angelo<\/p><\/div>\n<p>I\u2019ve written about these technologies in the past: to establish definitions, talk about why they\u2019re potentially important in the industry, and in some cases, to lament that they didn\u2019t emerge sooner. I won\u2019t repeat all of that here, but I would like to preview some of our survey findings related to each technology, let you know what surprised me and share what I hope is true.<\/p>\n<p>Smart contracts are one of the two categories of emerging technologies that our survey respondents tell us are getting traction and receiving the most actual investment. In the survey, 55 percent of respondents indicated that they\u2019re actively researching or piloting applications of smart contracts. A further 30 percent reported that they\u2019re either in early-stage implementation or are in production with solutions. Blockchain-enabled, self-executing smart contracts make a great deal of sense in the industry, and it\u2019s heartening that only about 10 percent reported having no interest in the technology. The only surprise here is that roughly a third of our clients are piloting or in production with smart contract solutions.<\/p>\n<h2>Crypto lessons<\/h2>\n<p>Accepting payment via cryptocurrency is another emerging technology getting high traction and investment globally\u2014a close second to smart contracts. While nearly 20 percent of respondents reported \u201cno interest,\u201d 50 percent said they\u2019re either researching or piloting solutions. More than 30 percent report that they\u2019re in early implementation or fully able to accept payment via crypto. Again, we\u2019re not seeing quite this level of interest from our clients in the U.S., but it\u2019s good to see real estate companies becoming educated on crypto and how to accept it as a form of payment.<\/p>\n<p>I continue to think that tokenization of commercial real estate holds promise for the industry with respect to how assets are capitalized and owned, and by whom. I also realize that there are some details to be worked out regarding how tokenized assets are managed, maintained and traded. Roughly 15 percent of those surveyed said they have no interest in tokenization of assets, while 55 percent indicated they\u2019re either actively researching or piloting it. Just under 30 percent reported that they\u2019re implementing or in production with tokenized assets. I fully believe both the 15 percent and 55 percent numbers, but I\u2019m not sure who the 30 percent are. Perhaps they\u2019re being very quiet about their activity, because we\u2019re simply not seeing this level of activity among our clients at Deloitte.<\/p>\n<p>Finally, the metaverse. I recently read a tweet (and I\u2019m paraphrasing here) that those in the industry writing about real estate in the metaverse are fools. I wouldn\u2019t go that far\u2014after all, I\u2019ve written about it too\u2014but I do think there\u2019s a great deal that\u2019s misunderstood. Let me take this opportunity to reiterate that augmented and virtual reality are likely to play an important role in how we interact with physical real estate in our lives. More than 20 percent of survey respondents reported no interest in the metaverse (the highest level of \u201cdon\u2019t know\/don\u2019t care\u201d), balanced with a consistent 55 percent saying they\u2019re researching or piloting ways in which their business can intersect with the metaverse. Given the conversations I\u2019ve had, that number makes sense. What doesn\u2019t make sense is the 8 percent globally who indicated that they\u2019re in production with something in the metaverse. Stay tuned as I try to figure it out, and I\u2019ll let you know what I think.<\/p>\n<hr \/>\n<p><a href=\"mailto:johndangelo@deloitte.com\"><em>John D\u2019Angelo<\/em><\/a><em> is a managing director with Deloitte and is the firm\u2019s real estate solutions leader, designing solutions to address client challenges and push the industry forward. With more than 30 years of experience as a management consultant to the global real estate industry, John has helped some of the biggest names in real estate leverage technology and use data to optimize and transform their operations.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Which cutting-edge tools are gaining traction in CRE? <\/p>\n","protected":false},"author":1119,"featured_media":1004601039,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39191,1521],"tags":[32782],"class_list":["post-1004599948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-cfo-corner","category-digital","tag-deloitte"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The CDO Stack: CRE&#039;s Top Tech Tools - 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