Businesspeople not only want things done quickly, but efficiently and securely. The Blockchain is an emerging technology that may revolutionize the manner by which real estate transfers are conducted.
Armour Settlement Services President Tali Raphaely, along with Stewart Senior Vice President Business Integration Marvin Stone, will discuss the specifics of the Blockchain, emphasizing its significance within the title industry.
Armour Settlement Services, LLC is a nationally recognized real estate title company that conducts thousands of real estate transactions nationwide annually. Raphaely’s title company works regularly with the nation’s leading real estate brokerages, banks and mortgage companies.
“This will be an interesting topic for the attendees to hear,” Raphaely said. “The Blockchain is going to revolutionize the title industry in the near future. It will change how title services are performed, how the transfer of property ownership is handled, and how real estate transactions are conducted in general.”
Raphaely – who was a participant in a Blockchain pilot program in Illinois, one of the first of its kind in the country – plans to focus on how this technology will affect everyone in the real estate industry, and will explain what the future may hold in a manner that will be easy to understand.
“I hope to demonstrate to the audience how the Blockchain may alter the way we have been doing things,” Raphaely said. “It’s natural to be scared of change as we witness technology disrupting many industries. Many people will automatically worry that the ‘the end is near’ for their business. I want to assure the attendees that it’s beneficial to embrace and understand the inevitable changes. This allows us to work together to utilize the technological advancements in ways that provides better service and results for our clients. We should all welcome any technology that makes the real estate process more efficient, less expensive, more transparent and safer for homeowners.”
Raphaely will demonstrate how a real estate transaction will be handled in the Blockchain from beginning to end, so the audience can see it in action step-by-step.
“Blockchain is about security, efficiency, and saving money for homeowners,” Raphaely said. “This is going to be a market-driven process. I believe the market will demand the implementation of Blockchain. Once the public learns of the benefits of the Blockchain as it applies to the transfer of real estate, the acceptance and ultimate demand of such technology will be inevitable.”
Raphaely, a Philanthropy Award winner at the 2016 NS3 conference in Charlotte, N.C., believes NS3 is the perfect forum to introduce new technology because it brings together all of the industry leaders, including the top underwriters and largest nationwide title agencies.
“NS3 is the most relevant gathering of ideas and people within our industry and, therefore, there is no better place to introduce innovative and emerging concepts than here,” he said.
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