Deloitte Clients: Moving Forward on Blockchain

Kevin Shtofman,Deloitte’s global technology strategy lead for real estate

NEW YORK CITY—Kevin Shtofman, who heads global technology strategy for Deloitte’s real estate group, says 2018 was the year for testing blockchain. He adds 2019 is the year companies are assessing its value. And 2020 will be the year the technology will be adopted on a far greater scale in the real estate industry.

In February 2018, Shtofman spoke at a CoreNet Global New York chapter event, where he provided an introductory explanation to a packed room, on the basics of what blockchain is and how it could be used in real estate. It’s the technology that enables cryptocurrencies, and in simple terms is a database. It’s an electronic ledger that records a list of transactions that cannot be edited, functioning simultaneously across multiple computers on a peer-to-peer network.