Abstract
This thesis aims to understand whether NFTs and blockchain technology can be utilised to decrease the obstacles young adults have to overcome to become homeowners. Innovations around real estate investing are happening, but seemingly none is focused on buying a property. Following the Design Science strategy, a design has been developed to solve the identified issues. The artefact is based on design principles obtained from the secondary data collected and direct feedback from potential users. The final iteration presented in the paper has been evaluated with data collected from experts on the housing market, real estate innovation, fractionalised real estate investing, and tokenised real estate. The artefact allows an individual, the Managing Partner, to own a fraction of a property and live there. In contrast, other individuals, the Limited Partners, own the remaining fractions of the property, which are intended as an investment vehicle and do not grant living rights in the property. Such a duality is empowered by creating the Managing Partner NFT, representing a fraction of the property and living rights in it. On the other hand, the remaining part of the property is divided into regular ERC20 tokens. The potential benefits users would have from using the solution has been confirmed to be increased liquidity, accessibility and a lower entry barrier to buying real estate. Furthermore, significant improvements to the real estate industry could be empowered by adopting blockchain technology, for which the solution could act as a driver. Nonetheless, the successful future implementation of the proposed artefact relies on extensive continued research around certain areas, such as investment analysis, the willingness of users to use the solution, two-sided markets. Despite being out of the domain of this research, also legislative barriers are a significant barrier in the potential adoption. Finally, it must be noted how only a portion of the whole property acquisition process has been demonstrated and analysed. Hence, future research is needed to analyse the missing steps. However, in its current status, the artefact could be used by individuals who trust each other and the technology enough not to need legal guarantees for its use, similarly to Bitcoin's first adopters
| Uddannelser | MSc in Business Administration and E-business, (Kandidatuddannelse) Afsluttende afhandling |
|---|---|
| Sprog | Engelsk |
| Udgivelsesdato | 2022 |
| Antal sider | 121 |
| Vejledere | Jan Damsgaard |