Blockchain technology could help large real estate firms offer customers near - instant financing and mortgage deals , all but edging banks out of the market . “If there is a major event, an earthquake, how do you manage the smart contract? Deloitte 's John Piscini said blockchains have the potential to revolutionise land registry and make the mortgage - lending process almost seamless . Banks could retain a role by offering value - added products and services . However , Piscini said the technology was still in its infancy and getting local governments , the courts and banks to accept it would take time .
Blockchain technology could help large real estate firms offer customers near - instant financing and mortgage deals , all but edging banks out of the market . Deloitte 's John Piscini said blockchains have the potential to revolutionise land registry and make the mortgage - lending process almost seamless . Banks could retain a role by offering value - added products and services . However , Piscini said the technology was still in its infancy and getting local governments , the courts and banks to accept it would take time .