Blockchain- it’s going to change everything:
Blockchain pushes out middle men (if done correctly) this should eventually dramatically change the CRA world. 

How do you think this will change the CRA world?
[{"id": "duwnbno", "text": "It will take a long time.\n\nA lot of people have heard of \"bitcoin\" and understand correctly that it exists on \"distributed ledgers\" out there in the virtual world.  And that these bitcoins are safe from a single point of failure (eg: counter-party risk, taxation, etc) due to the distributed nature of the ledger.\n\nThey also have heard of \"smart contracts\" and understand correctly that can also be added to these distributed ledgers where parties can consent today to future state changes of these distributed ledgers.\n\nThe huge leap it seems a lot of people are making (especially in the real estate space) is that one can get the benefits of the \"smart contract\" features of block-chains without having to establish any links with the physical world.  Or that such links will be trivial.   \n\n", "replies": [{"id": "duwp0rn", "text": "How about how blockchain can aggregate all the information of vacancies in one place, how would this effect CRA?", "replies": [{"id": "duwphuf", "text": "How would this be different than a website or other database that does the same thing?\n\n", "replies": [{"id": "duwqt8o", "text": "It\u2019s not centralized. No one entity owns the info, everyone does. Tenant had instant access directly from Landlord.\n\nIncluding instant smart contract  and comps ", "replies": [{"id": "duwr32d", "text": "Why am i incentived to participate?\n\nAnd if it's for a token/coin on the blockchain, why do i care about them?\n\nAnd if i do care about them, what stops me from making several spoof accounts and submitting false info for coins/tokens?", "replies": [{"id": "duwswt8", "text": "Great questions, no idea. I assume that means your saying this won\u2019t effect anything then?", "replies": [{"id": "duww7vv", "text": "I'm reluctant to make such an absolute claim.  It could.  And it probably will.  But it will take a long time. \n\n\n\nThe most realistic short-term solution is land title, as cbarrister suggests below. \n\n\n\n ", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "duwtn5n", "text": "Blockchain for anything other than title transfers seems overrated. People are really trying to shoehorn every process into blockchain because it's the buzzword of the week. It's like \"digital\" was in the 1980s.", "replies": [], "depth": 1}, {"id": "dux41q6", "text": "What middle man are you referring to?", "replies": [{"id": "dux94i5", "text": "Brokerage ", "replies": [{"id": "duxkozr", "text": "Brokers will not be taken over by the block chain, because brokers help create a market and explain value.\n\nBlock chains help create a market, but they don't explain value.  \n", "replies": [{"id": "duxntpv", "text": "Yes, I see the your point. However I don\u2019t think the same amount of brokers will be required. Half the big shop brokers will vanish and turn less transactional and more consultant.", "replies": [{"id": "duxods7", "text": "Why do you think that is the case?\n\nI'm sincerely interested, not trying to give you a hard time.", "replies": [{"id": "duxpv36", "text": "The industry is already changing, with fee compressions, in house real estate teams and broker saturation. Also legal firm are also seeing huge changes to fees which is pushing the price of having in-house legal down. Layers who understand offers and lease negotiations backwards. Take all of this and then throw in the potential for all available vacancies, comps and smart contract infrastructure to be decentralized and open to anyone. I feel these things could slash the already saturated broker market, eventually.\n\nEdit: you know what maybe I\u2019m exaggerating, but change is coming. I can just feel it.", "replies": [{"id": "duxtyq6", "text": "Fee compression is real in finance, as passive investment proves to be more in vogue than active. \n\nBut with more access to data and comps that doesn\u2019t mean that judgement erodes. If anything even more people will look to market and real estate experts to help them understand what they are purchasing. I\u2019d argue that block chains could lead to more active management at the laymen level but if that\u2019s true expert opinion will be even more valued and I see a brokers stock going up and not down. \n\nI also am not seeing brokerage and legal fee compression like you are mentioning. Change is guaranteed, but I\u2019m not convinced it\u2019s happening in the way you are pointing out. ", "replies": [{"id": "duxylt6", "text": "I am speaking specifically about corporate leasing.", "replies": [{"id": "duytu8j", "text": "I think any compression on middle-men that you see is just due to technology and the internet in general.  Not specifically the blockchain.\n\nI dont see any reason blockchains would eliminate the need for brokers over and above what the internet in general is doing to the industry. ", "replies": [], "depth": 9}], "depth": 8}], "depth": 7}, {"id": "dvk5lpq", "text": "Stock market levels of transparency would be required to create conditions under which this was possible.  CRE is a business that trades in secrets and real estate is not a commodity like copper or kleenex.  Private owners will not be quick to relinquish lease rates, capex items, or financing terms to a blockchain data base or any data base.  CoStar data is very unreliable.  They are using an army of telemarketers to sweet talk property managers into telling them things, but these people don't even understand the questions they are asking.  ", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dvzf1ya", "text": "Contracts, financing, title, and escrow should all be on the blockchain. Commercial RE is an industry that is behind the tech curve when compared to the other FIRE industries. Even residential utilizes better tech. But, CRE is more traditional by nature.", "replies": [], "depth": 1}]