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No one can really predict how the real estate market will develop.
However, we can look at patterns, how they might develop and thus
give a direction to the future of real estate. This book wants to
contribute to that. COVID-19 has had a considerable influence on
society and real estate, particularly in the recent period. We are
surprised by a development that we had not seen coming and that has
seriously impacted our lives. The various manifestations of
lockdowns around the world have been gradually phased out and reset
in 2020. This has a structural impact on living, working and
shopping and therefore has a direct impact on the use of property.
Since COVID-19 will be present in many respects for the foreseeable
future, the pandemic will have a significant impact on real estate
and urban developments. Perhaps when we look back on this period,
this pandemic will prove to have been the starting point for
drastic property changes. Many were surprised by the empty shelves
in supermarkets during the first days of the pandemic. The supply
chains were running at full speed, but a large part of the retail
sector came to a standstill or switched to online. Multi-channel
has now really proven itself and COVID-19 has abruptly increased
the demands on last mile logistics spaces. Much more will change in
the area of supply chains. Moreover, in light of increasing trade
tensions, there is a trend of onshoring and it is clear that
logistics and warehousing will become increasingly important.
Public space is also in the spotlight. The importance of parks and
greenery was great during the lockdown. Guaranteed distance on
streets and squares will remain the focus of attention in the
coming period. Space is scarce. We need terraces in order to
realize some turnover. And the fact that the car is currently
considered a safe means of transportwhat does that mean in terms of
traffic pressure? A number of real estate experts in the world at
various universities have each looked at developments affecting the
future from their own perspective and share that knowledge with
everyone. Topics covered in this book are: (1) Blockchain and Real
Estate in The Netherlands: A Database Exploring 2015-2018 and
Extrapolation to the Future, (2) Principle of Substitution in the
face of COVID-19 Pandemic: An Application to Tenants Choice in
Commercial Real Estate Markets, (3) Selected Aspects of Slovenian
Legislation on Lease of Agricultural Land and Forests, (4) Land
Value Captures Potential in Norwegian Projects, (5) Environmental
Stress and Contemporary Understanding of Human-built Environment
Relations: Study Case on Zero-Waste City Ljubljana, (6) Property
Development Viability and Community Spirit Rethinking the Safety
Angle, (7) Implementation of Land Policy at Local Level, and
Impacts of the Functioning of the Real Property Market, (8) Work
From Hotels: Is Hybrid the Future and (9) Real Estate as a Service.
The inevitable convergence of the Blockchain, AI and IoT (Veuger
2019) will be an impactful combination of security,
interconnectivity and autonomy to revolutionize the way processes
run. A combination of Blockchain, AI and IoT technologies that
affect the potential of how businesses, industries and even
economies operate will redefine them more than they do now. Some
applications and concepts have already seen an overlap between
these technologies with promising results. One example is the
combination of AI and Blockchain to manage Unmanned
Aerial/Air/Airborne Vehicle traffic, making mass autonomous flying
safer. This application alone will redefine the business of
aviation and logistics. The convergence of Blockchain, Ai and IoT
can enable organizations to maximize the benefits of each of these
technologies while minimizing the risks and constraints associated
with them. Since IoT networks include a large number of connected
devices, there are numerous vulnerabilities in the network that
make the network vulnerable to hacker attacks, fraud, and theft. To
prevent security problems, AI powered by machine learning can
proactively defend against malware and hacker attacks. Network and
data security can be further enhanced through a blockchain that can
minimize illegal access to and alteration of data on the network.
AI can also improve the functional capacity of the IoT network by
making it more autonomous and smarter. For example, a proven
convergence of Blockchain, AI and IoT is Fujitsu's algorithm to
measure employee heat stress levels. The algorithm continuously
monitors workers' physiological data (temperature, humidity,
activity levels, pulse rate, etc.) using portable In Vitro
Diagnostic Devices (IDA) and sensors to track the correlation
between various factors and workers' health. The analysis can help
the organization to improve working conditions and prevent health
problems of workers. Applying Blockchain to this system can help
maintain more personalized data by ensuring privacy or help pay
health insurance amounts through smart contracts. The expected
impact of the convergence of Blockchain, AI and IoT is not (yet)
foreseeable and existing applications are not (yet) perfect. Many
organizations, and especially early adopters, are high opinionated
about the value of cognitive technologies and therefore invest in
them. Findings of applications are now (still) at an early stage
and are not yet as advanced as is necessary to achieve real
transformation, as well as that business models also determine
this. The same can be said of the IoT and Blockchain. With
increased interest, investment and innovation, the convergence of
Blockchain, AI and IoT will become a reality.
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