Why 2020 Will Be The Year of the Blockchain

Jimmy Bingham

Blockchain technology is finally having its moment. Several years ago, blockchain was deemed to be the biggest technology since the invention of the Internet, and the real estate market in particular stands to see the most benefit; however, adoption has been slow in the industry. That is largely because there is a lack of understanding about blockchain.

“Blockchain has no better use than the digitalization of real estate. It always comes back to the real estate, and real estate will be the biggest part of the blockchain. It is going to remove a lot of outdated processes and a lot of the third-party intermediaries because of how secure the blockchain is,” Jimmy Bingham, SVP at Prime Trust and a certified blockchain professional, tells GlobeSt.com. “It is going to speed-up transactions and it is going to remove the a lot of the high fees that are associated with real estate investing today. Finally, it is going to remove borders.”