By Frank Pellegrini
The financial and tech world is abuzz with the potential of blockchain technology. This technology, which underpins the bitcoin “currency,” is being developed for use in an array of financial transactions, including potentially the recording of property records.
What exactly is blockchain? Here’s the definition from Wikipedia (consider the source, of course):
“A blockchain is a distributed database that maintains a continuously-growing list of data records secured from tampering and revision.”
Confused? So are we.
While this new technology clearly has the potential to change the way we record real estate transactions, many questions remain, especially for us novices. During this exciting session we will attempt to clear up some of that confusion by exploring at length a number of questions about blockchain, including:
- How does blockchain function?
- Is blockchain the next big thing, or the next big bust?
- Will it make the process more cost efficient?
- Who’s working on making blockchain an efficient technology to use for real estate transactions, and what success have they had?
- How secure is blockchain technology compared to cloud-based storage technologies we are working with now?
Come listen to a discussion about this new technology.
Pellegrini, CEO of Prairie Title Services, along with Mark Ladd, VP-Regulatory & Industry Affairs at Simplifile, and Wesley Miller, CEO of ATS Secured, will speak more in depth about this topic during a session titled "What’s all the Hype with Blockchain?” at ALTA's Annual Convention. Click here to register.