US technology could help Blockchain real estate firms offer customers near-instant financing and mortgage deals, all but edging banks out of the process. Realtor.com 's Piscini said blockchains have the potential to revolutionise land registry and make the mortgage-buying process almost seamless. Banks could retain a role by offering value-added products and services. However, Eric Piscini said the technology was still in its infancy and getting local governments, the courts and homeowners to accept it would take time.
Blockchain technology could help US real estate firms offer customers near-instant financing and mortgage deals, all but edging banks out of the process. Deloitte's Eric Piscini said blockchains have the potential to revolutionise land registry and make the mortgage-buying 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 homeowners to accept it would take time.