Silver Portal to launch blockchain-based real estate trading platform
July 27, 2017 | Loretta Clodfelter | irei.com
Blockchain may be the hottest buzzword in finance right now. Also known as distributed ledger technology, it is the structure underlying cryptocurrencies such as Bitcoin and Ether.
But the technology has much wider applications in the world of finance. Because every new trade or sale (a “block”) is recorded throughout a network of computers (creating a “chain” of such blocks), it can authenticate and track transactions in real time.
Jon Haahr, founder and senior managing principal of Silver Portal Capital, explains that using blockchain technology in a trading platform can “reduce substantially the time of settlement.”
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