Synechron

English

English  |   Dutch
/ / INSIGHTS

How blockchain can transform the mortgage industry

Authored by – Matt Shaw, Director, Business Consulting

The mortgage industry has heard a lot about blockchain and the huge benefits to be gained from distributed ledgers, smart contracts and digital payments. But in reality, how easy is it for firms to put this into practice and begin transforming the entire industry?In this article we will explore what blockchain is; how blockchaincould improve the entire mortgage process; and what hurdles the industry needs to overcome.

What is blockchain?
The blockchain concept was originally developed as an efficient and secure way to manage and register transactions made with cryptocurrencies, for example Bitcoin, but now it is emerging as a truly transformative technology in finance. Blockchain creates transparency around transactions and provides safety and security for not only people’s money but also their data. By utilising a digital, decentralised ledger, blockchain optimises accuracy, accountability, speed and transparency.

/ / SUBMIT YOUR DETAILS

Enter your details to download this article for free.

Image CAPTCHA
Enter the characters shown in the image.

Disclaimer

Synechron, Inc. and/or its affiliates and group companies takes your privacy seriously. By providing your information, you are signing up to receive information about Synechron services and related marketing. Your personal data will be protected in accordance with Synechron's Privacy Policy. By filling out this form, you are giving Synechron your consent so that we may communicate relevant information to you via email, telephone, invitations, and other digital notifications. If at any time you would like to withdraw your consent or update your profile and preferences, you can do so by clicking here or by contacting us directly.