Blockchain technology is finally having its moment. Severalyears ago, blockchain was deemed to be the biggest technology sincethe invention of the Internet, and the real estate market inparticular stands to see the most benefit; however, adoption hasbeen slow in the industry. That is largely because there is a lackof understanding about blockchain.
"Blockchain has no better use than the digitalization of realestate. It always comes back to the real estate, and real estatewill be the biggest part of the blockchain. It is going to remove alot of outdated processes and a lot of the third-partyintermediaries because of how secure the blockchain is,"Jimmy Bingham, SVP at Prime Trustand a certified blockchain professional, tells GlobeSt.com. "It isgoing to speed-up transactions and it is going to remove the a lotof the high fees that are associated with real estate investingtoday. Finally, it is going to remove borders."
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