Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023)

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The Impact of Technological Developments in Virtual Real Estate on Transactions: Virtual Reality, Blockchain, Tokens

Authors
Fan Li1, *
1The Hong Kong Polytechnic University, Hong Kong, 100872, China
*Corresponding author. Email: 21099886d@connect.polyu.hk
Corresponding Author
Fan Li
Available Online 10 October 2023.
DOI
10.2991/978-94-6463-268-2_14How to use a DOI?
Keywords
Virtual Real Estate; Virtual Reality; Blockchain; Tokens
Abstract

Real estate has experienced the development of virtual reality, blockchain and token technologies, and has undergone a transformation from physical space to semi-physical space and virtual space to. The explosion of the Meta space concept has brought virtual real estate into the public eye. This paper focuses on the transformation that virtual reality, blockchain and token technologies have brought to virtual real estate. Virtual reality technology enables remote viewing and can help reduce the time consumed by transactions. Blockchain technology improves the reliability of property registration and helps to reduce the lengthy process of real estate transactions. Token technology divides property rights and facilitates the entry of retail investors into real estate transactions. This paper composes information from several aspects and illustrates using examples to conclude the technological development of virtual real estate and suggest feasible research directions. Overall, these results shed light on further exploration to guide the development of virtual real estate technology.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
10 October 2023
ISBN
10.2991/978-94-6463-268-2_14
ISSN
2352-5428
DOI
10.2991/978-94-6463-268-2_14How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Fan Li
PY  - 2023
DA  - 2023/10/10
TI  - The Impact of Technological Developments in Virtual Real Estate on Transactions: Virtual Reality, Blockchain, Tokens
BT  - Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023)
PB  - Atlantis Press
SP  - 107
EP  - 114
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-268-2_14
DO  - 10.2991/978-94-6463-268-2_14
ID  - Li2023
ER  -