Ready or not, the Blockchain train has left the station.
This year, for example, Propy completed the first real estate transaction in Vermont performed entirely on Blockchain; and more recently, the developer of a Blockchain-based real estate platform introduced a tokenized, industry-agnostic digital contract platform.
So where does that leave your title company? During the National Settlement Services Summit (NS3) June 18-20 in Phoenix, SafeChain co-founder and CEO Tony Franco and Jason Nadeau, senior vice president, chief digital officer, Fidelity National Financial, will discuss the practical applications of Blockchain during a session called “Blockchain: Show and Tell.”
“Blockchain is a technology that allows independent title agents to protect their work, to protect their intellectual property and their search work, and allows them to monetize an asset in the future that they have previously been not able to do,” Franco explained.
“For the early adopters and people who are interested in gaining a competitive advantage, there are vast amount of opportunities.”
Franco said attendees will learn how Blockchain is being applied today, including how independent agents are connecting directly with government systems. Franco said the session will not convey the message that title agencies which don’t get into Blockchain immediately will be left behind.
“Many title agents across the spectrum get by just fine being in the early majority or the late majority,” Franco said. “I wouldn’t say that technology moves fast enough that tomorrow you’re going to wake up and won’t have a business.”
For more information on the 2019 NS3, including the agenda and a list of speakers, click here. You can register for NS3 online or click here to get information on how to register via mail, fax or phone.