Blockchain technology has been a major disruptor in finance technology and it’s wave of innovation will surely be washing up on the shores of Real Estate.
As a result, we hope to see the blockchain make real estate transactions quicker and more convienient in two ways.
1. Financing.
Currently mortgages take about 30-45 days to close. The blockchain is making verifying and transferring funds quicker. We’re optimistic the savings in time will soon be passed along to consumers.
2. Title Work
Title work is another area where the blockchains power in authitification can shine. Title work can be cumbersome and increases the timeline in homeownership transactions. With new technology being introduced to this space, we are excited about a day this work is done quicker.