Blockchain expert Debbie Hoffman, an attorney and co-founder of Symmetry Blockchain Advisors, spoke to NEXT conference attendees about blockchain technology’s emergence in the mortgage and finance industry, where it has not become widely recognizedyet. While blockchain, an immutable ledger technology, is an oft discussed topic, there are still misconceptions about it.
In a conversation with HousingWire’s Sarah Wheeler, Hoffman discussed blockchain technology in relation to the mortgage industry. “We’re still in early stages of this, so I equate it to an automobile on a dirt road behind a horse and buggy.
Our infrastructure is not there yet, but it is being developed.” Hoffman said. “It is not going away.
It will not take away jobs but it will change how we do things.” Hoffman explained to conference attendees the originations of blockchain and stressed the differences between it and bitcoin, which is commonly confused with blockchain. “They’re not the same thing,” Hoffman explained.
“Blockchain is the technology behind digital currencies, such as bitcoin or others,” Hoffman said. “Whatever comes of bitcoin or others, the technology still remains.” Read more from housingwire.com…
thumbnail courtesy of housingwire.com