Kevin Shtofman 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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.