Technology Disruptions Reshaping the Market

Dubai has always been in the fore front of initiative and innovation. It's economy has six percent contribution of income from oil in its revenue. Dubai ranks 14th among innovation driven cities in world. This city realized the importance of real estate as its key sector which could carry on growth engine in its revenue. It continued alluring investment from global investors in its real estate market. Lately market witnessed excess supply which prompted real estate agents starting accepting payment in digital currencies (Cryptocurrencies). Blockchain (Technology on which Cryptocurrencies are based on) is database which allows transactions among players in public, consortium and private domain to be captured digitally (documented digitally) and guarantees that transaction actually taken place (authenticated) and is commemorated (ensuring document can't be amended/altered). We can also define it as an electronic, pooled, dispersed record that can be utilized to record transactions and follow effectively any type of asset across a system. This book would look into how technology disruption can impact sector like real estate and market like Dubai.