Kevin Shtofman KevinShtofman,Deloitte's global technology strategy lead for realestate

NEW YORK CITY—Kevin Shtofman, who heads global technologystrategy for Deloitte's real estate group, says 2018 was the yearfor testing blockchain. He adds 2019 is the year companies areassessing its value. And 2020 will be the year the technology willbe 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, onthe basics of what blockchain is and how it could be used in realestate. It's the technology that enables cryptocurrencies, and insimple terms is a database. It's an electronic ledger that recordsa list of transactions that cannot be edited, functioningsimultaneously across multiple computers on a peer-to-peernetwork.

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Betsy Kim

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