Moody's: Blockchain Could Save US Mortgage Industry $1 Billion

in #blockchain7 years ago

Some of the most outsized benefits would come in the area of title transactions, according to the report, since blockchain platforms could reduce the number of necessary personnel and cut spending on commissions. A 10-20 percent cut in these expenses, the report estimates, would amount to $840 million-$1.7 billion in annual savings.

Read the full article here...
https://www.coindesk.com/moodys-blockchain-could-save-us-mortgage-industry-1-billion/

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Real estate and finance seem to be the best uses of blockchain so far