We have had several posts about how blockchain technology could revolutionize real estate transactions while at the same time being more secure and saving an incredible amount of money in the process. A recent article on Bloomberg talks about one county in Ohio that plans to move all 438k of its parcels onto a digital ledger in the next two to three years. They report the move will cut the time to transfer a title to hours or even seconds and reduce closing costs that typically run thousands of dollars. In addition, they say sellers, real-estate agents, title companies, lenders and government will all use the virtually tamper proof technology that will complete sales faster and cut down on fraud.
Click here to read the full story on Bloomberg.com.
