Potential opportunities of blockchain technology in streamlining the Malaysian commercial office building operation management process
Managing commercial real estate is extremely complex and cumbersome and involves many stakeholders who provide access to and modify a variety of information. This led to some common issues with traditional commercial real estate management such as lack of transparency, third-party interference, the...
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| Format: | Article |
| Language: | English |
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Malaysian Institute of Planners (MIP)
2023
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| Online Access: | http://eprints.utm.my/106305/1/TutiHaryatiJasimin2023_PotentialOpportunitiesofBlockchainTechnology.pdf |
| _version_ | 1811132312107089920 |
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| author | Tuti Haryati Jasimin, Tuti Haryati Jasimin Mohd. Ali, Hishamuddin Mohamed Razali, Mohamad Najib Mohd. Daud, Salwani |
| author_facet | Tuti Haryati Jasimin, Tuti Haryati Jasimin Mohd. Ali, Hishamuddin Mohamed Razali, Mohamad Najib Mohd. Daud, Salwani |
| author_sort | Tuti Haryati Jasimin, Tuti Haryati Jasimin |
| collection | ePrints |
| description | Managing commercial real estate is extremely complex and cumbersome and involves many stakeholders who provide access to and modify a variety of information. This led to some common issues with traditional commercial real estate management such as lack of transparency, third-party interference, the complexity of the agreements, record keeping and security, and absence of real-time data. Accordingly, blockchain technology is anticipated to address the issues of data openness, trustworthiness, and correctness in the global real estate market. This research aims to discover the potential opportunities that blockchain could offer in streamlining the commercial office building operation management process. A conceptual framework of blockchain-based technology adoption in the current Malaysian commercial office building operation management process was developed based on the literature review and focus group discussion (FGD). The framework was underpinned by four core operation management that emerge from the research findings including financial, administrative, technical, and promotional management. |
| first_indexed | 2024-09-24T00:01:32Z |
| format | Article |
| id | utm.eprints-106305 |
| institution | Universiti Teknologi Malaysia - ePrints |
| language | English |
| last_indexed | 2024-09-24T00:01:32Z |
| publishDate | 2023 |
| publisher | Malaysian Institute of Planners (MIP) |
| record_format | dspace |
| spelling | utm.eprints-1063052024-06-29T05:47:11Z http://eprints.utm.my/106305/ Potential opportunities of blockchain technology in streamlining the Malaysian commercial office building operation management process Tuti Haryati Jasimin, Tuti Haryati Jasimin Mohd. Ali, Hishamuddin Mohamed Razali, Mohamad Najib Mohd. Daud, Salwani H Social Sciences (General) Managing commercial real estate is extremely complex and cumbersome and involves many stakeholders who provide access to and modify a variety of information. This led to some common issues with traditional commercial real estate management such as lack of transparency, third-party interference, the complexity of the agreements, record keeping and security, and absence of real-time data. Accordingly, blockchain technology is anticipated to address the issues of data openness, trustworthiness, and correctness in the global real estate market. This research aims to discover the potential opportunities that blockchain could offer in streamlining the commercial office building operation management process. A conceptual framework of blockchain-based technology adoption in the current Malaysian commercial office building operation management process was developed based on the literature review and focus group discussion (FGD). The framework was underpinned by four core operation management that emerge from the research findings including financial, administrative, technical, and promotional management. Malaysian Institute of Planners (MIP) 2023-07-26 Article PeerReviewed application/pdf en http://eprints.utm.my/106305/1/TutiHaryatiJasimin2023_PotentialOpportunitiesofBlockchainTechnology.pdf Tuti Haryati Jasimin, Tuti Haryati Jasimin and Mohd. Ali, Hishamuddin and Mohamed Razali, Mohamad Najib and Mohd. Daud, Salwani (2023) Potential opportunities of blockchain technology in streamlining the Malaysian commercial office building operation management process. Planning Malaysia, 21 (3). pp. 266-283. ISSN 1675-6215 http://dx.doi.org/10.21837/pm.v21i27.1300 DOI:10.21837/pm.v21i27.1300 |
| spellingShingle | H Social Sciences (General) Tuti Haryati Jasimin, Tuti Haryati Jasimin Mohd. Ali, Hishamuddin Mohamed Razali, Mohamad Najib Mohd. Daud, Salwani Potential opportunities of blockchain technology in streamlining the Malaysian commercial office building operation management process |
| title | Potential opportunities of blockchain technology in streamlining the Malaysian commercial office building operation management process |
| title_full | Potential opportunities of blockchain technology in streamlining the Malaysian commercial office building operation management process |
| title_fullStr | Potential opportunities of blockchain technology in streamlining the Malaysian commercial office building operation management process |
| title_full_unstemmed | Potential opportunities of blockchain technology in streamlining the Malaysian commercial office building operation management process |
| title_short | Potential opportunities of blockchain technology in streamlining the Malaysian commercial office building operation management process |
| title_sort | potential opportunities of blockchain technology in streamlining the malaysian commercial office building operation management process |
| topic | H Social Sciences (General) |
| url | http://eprints.utm.my/106305/1/TutiHaryatiJasimin2023_PotentialOpportunitiesofBlockchainTechnology.pdf |
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