SafeChain tests blockchain for real estate in an Ohio forfeiture auction

One of the most promising applications for blockchain technology in the real estate industry is to speed up transactions. SafeChain is a startup whose top priority is working with — instead of eliminating — the local government officials who handle the bulk of the behind-the-scenes record-keeping.

Blockchain is the technology behind bitcoin and other cryptocurrencies. The distributed, secure ledger follows each financial transaction, recording and time-stamping every change. It also takes place without the use of a middleman, like a bank, reducing both time and costs.

Click here to read the complete article.

Story excerpt provided by inman.

Written by Byemma Hinchliffe.

Originally published August 27, 2018.

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