PurposeThis paper aims at investigating the possibility of effectively implementing the blockchain technology in the real estate environment, specifically applied to the Trust legal instrument in Dopo di Noi (After Us) project, which is intended to guarantee assistance to persons with severe disabilities.Design/methodology/approachThe paper is focused on how to apply the blockchain to the tool of Trust, analyzing the main features and characteristics of this technology.FindingsThe paper proposes two potential solutions for managing the Trust tool in the real estate sector, specifically within the Dopo di Noi project. The first simpler proposal is based on timestamping application. The second one radically changes the classical Trust model and introduces an automatization level in the process.Social implicationsThe paper presents potential applications of the blockchain technology within the framework of Dopo di Noi project, which allows among other features, legal and tax facilitation for the institution of Trusts to benefit persons with severe disabilities.Originality/valueThis paper highlights the potentiality of the combination of the blockchain technology and the real estate environment and applies the blockchain technology to the Dopo di Noi project. Specifically, with the second solution, the paper proposes a platform that gathers, in a single network, various elements of the blockchain technology, such as timestamping, smart property, smart contract, and links them in order to provide services to persons with severe disabilities.
In 2016, the Public Company for Social Services of the Municipality of Bologna "ASP City of Bologna" requires the ABC Department to analyze its huge real estate portfolio with the aim to identify efficiency strategies to free up resources to be reinvested in the offer of personal social services. Corporate governance sets up its strategy by coherently matching: the statutory values, the corporate mission and the growing need to respond to the needs expressed by the community in terms of providing personal services. The collaboration found strong foundations of understanding in the intention to pursue the mission of general social interest with environmental and economic sustainability, in a research path that made explicit the values of transparency and accountability of the Company. On the one hand, the research outlined the levers for making management, resources and processes more efficient, and on the other, strategies for enhancing assets in a social and circular economy perspective (see Bilancio Sociale ASP 2017).Keywords Evaluation and enhancement of real estate assets • Management optimization of public company • Real estate infrastructure for personal services • Models for the management of real estate assets • Social economy and circular economy 1 According to the ASP Statute, the Shareholders' Meeting monitors and controls the ASP's activity and performs various functions including: "[…] defines the general guidelines of the ASP; approves the transformation of the assets from unavailable to available, as well as the disposals of available assets […]."
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