The Impact of Proptech 3.0 on the real estate industry workplaces
ENA Proptech is characterized by the massive implementation of emerging technology such as home matching tools, drones, virtual reality, building information modeling, data analytics tools, artificial intelligence, IoTs and blockchain, smart contracts, crowdfunding in the real estate sector, fintechs related to real estate, smart cities, regions, smart homes and shared economy. This survey of changes in the real estate industry due to Proptech covers three areas: (a) A brief survey of Proptech applications in the real estate industry, (b) information about implications for real estate market transparency, and (c) comments on the wider implications of these changes on a labour market and an education. Changing the real estate technologies could change system dynamics and improve real estate market transparency. On the other hand, under different institutional arrangements, proptech can affect the changing structure of the labour market, the demand for prospective skills, as well as emerging policy challenges in real estate industry. Keywords: Proptech; blockchain; value chain; sustainable development; knowledge management; building information modeling; real estate.
