Like every other trendy technology, it can be quite challenging to get your head around blockchain and how it applies in the mortgage space. That’s especially true if you’re not tech-savvy or you’ve conditioned yourself to the conventional centralized system for most of your time.
One of the hottest debates now in financial markets is whether to continue trusting humans or embrace new technology.
The hype we have previously experienced about blockchain and cryptocurrency is dramatically becoming a reality, thanks to this actionable invention of the twenty-first century—smart contracts.
Over the past few years, blockchain technology has extensively scaled from just implementing digital payments like cryptocurrency to becoming a boardroom agenda for most real estate entities.
Since the inception of Cryptocurrency—Bitcoin, in 2009, the crypto market has experienced tremendous growth and innovation, thanks to the proliferation in investment.