A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
A framework of blockchain technology for green real estate bonds ; Ett ramverk för blockchain-teknik för gröna fastighetsobligationer
This thesis investigates potential solutions to blockchain technology to develop thegreen real estate bond market further. Previous research focused mostly on thetechnology itself, or in connection to other real estate processes such as transactionsor land registries. However, due to climate change and the increasing awareness ofsustainability, a growing interest in sustainable bonds developed. As a result, thenumber of bond issuers increased, and various guidelines, which impose differentrequirements on green real estate bonds, were developed. The result was a lack oftransparency as well as an increased number of discounted sustainable real estateinvestments, so-called greenwashing. This also led to a loss of confidence.Additionally, conventional green bond structures are costly due to administrative effort. The goal of the study is to investigate how blockchain technology could increase thetransparency of, and trust in, sustainable real estate bonds. Also, the technology'sinfluence on the process is examined from a financial perspective. A further goal is tosee what additional data on sustainable real estate bonds could be added to addressthe problems. To answer the research questions, interviews with experts were conducted due to thelimited literature available on the subject. The evaluation of the interviews led to theconclusion that uniform guidelines, and the linking of CO2 emissions from buildingcomponents with sustainable certification, can reduce greenwashing. Furthermore, animproved risk assessment of real estate plays an important role in times of increasingclimatic changes and should, therefore, be considered in the risk assessment ofsustainable real estate bonds. The combination with blockchain technology couldreduce costs and increase confidence in the investment form. ; Denna avhandling undersöker möjliga lösningar av blockchain-teknik för attvidareutveckla den gröna fastighetsobligationsmarknaden. Tidigare forskningfokuserade mest på själva tekniken eller i samband med andra ...
A framework of blockchain technology for green real estate bonds ; Ett ramverk för blockchain-teknik för gröna fastighetsobligationer
This thesis investigates potential solutions to blockchain technology to develop thegreen real estate bond market further. Previous research focused mostly on thetechnology itself, or in connection to other real estate processes such as transactionsor land registries. However, due to climate change and the increasing awareness ofsustainability, a growing interest in sustainable bonds developed. As a result, thenumber of bond issuers increased, and various guidelines, which impose differentrequirements on green real estate bonds, were developed. The result was a lack oftransparency as well as an increased number of discounted sustainable real estateinvestments, so-called greenwashing. This also led to a loss of confidence.Additionally, conventional green bond structures are costly due to administrative effort. The goal of the study is to investigate how blockchain technology could increase thetransparency of, and trust in, sustainable real estate bonds. Also, the technology'sinfluence on the process is examined from a financial perspective. A further goal is tosee what additional data on sustainable real estate bonds could be added to addressthe problems. To answer the research questions, interviews with experts were conducted due to thelimited literature available on the subject. The evaluation of the interviews led to theconclusion that uniform guidelines, and the linking of CO2 emissions from buildingcomponents with sustainable certification, can reduce greenwashing. Furthermore, animproved risk assessment of real estate plays an important role in times of increasingclimatic changes and should, therefore, be considered in the risk assessment ofsustainable real estate bonds. The combination with blockchain technology couldreduce costs and increase confidence in the investment form. ; Denna avhandling undersöker möjliga lösningar av blockchain-teknik för attvidareutveckla den gröna fastighetsobligationsmarknaden. Tidigare forskningfokuserade mest på själva tekniken eller i samband med andra ...
A framework of blockchain technology for green real estate bonds ; Ett ramverk för blockchain-teknik för gröna fastighetsobligationer
Bauer, Julian (author) / Bachmaier, Benjamin (author)
2020-01-01
Theses
Electronic Resource
English