WEB 3.0 Disruption and Adoption in Real Estate

This research evaluates the distribution and application of Web 3.0 technologies in the real estate industry. Through investigations in technical advancement, adoption, innovation, and financial support, this research aims to provide a roadmap for real estate professionals to incorporate Web 3.0 technologies in their daily operations or invest in emerging startups. The real estate sector has traditionally been slow to adopt innovative technologies, but with rising interest in PropTech and growing demand for technological integration, the industry is ready to embrace disruption from the latest innovations. Web 3.0, as the next iteration of the internet, is poised to significantly reshape human interactions and the environment. Despite its potential, the application and use cases of Web 3.0 in the real estate sector are not as well documented and analyzed as in other industries. This research investigates Web 3.0 disruption in real estate by first clarifying the conceptual understanding of Web 3.0 and the fundamental building blocks of the Semantic Web. The study examines adoption and technical advancement of key Web 3.0 technologies by quantifying public awareness, patents, R&D, ventures, and financial support. Technologies with better technical and adoption metrics are further studied to elaborate on their use cases and applications in the real estate sector. A startup tracker is used to list venture backed Web 3.0 enabled companies that are disrupting the real estate industry. The summary of the studies provides a comprehensive view of emerging areas of disruption in real estate driven by Web 3.0 technologies. In conclusion, the research provides guidance and techniques for real estate developers and asset managers to integrate the technologies studied into their operations. For real estate investors, the research highlights promising sectors and startups within the industry as potential investment opportunities.

Name thesis:degree_name

Master

Department dc:contributor.department

Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2023

Author dc:creator

• Zhang, Sherina

Advisor dc:contributor.advisor

• Scott, James

Statement dc:rights

• In Copyright - Educational Use Permitted
• Copyright retained by author(s)

Licence dc:rights.uri

• https://rightsstatements.org/page/InC-EDU/1.0/

Handle dc:identifier.uri

https://hdl.handle.net/1721.1/150690

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/150690