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. It records deals on its blockchain registry, which it hopes will be adopted by many jurisdictions as an official ledger and as a way to issue title deeds online. 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.
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.