What is Blockchain? Blockchain is information that is stored on a universal, non-third party hosted online database that allows virtual transparency to all parties involved in a transaction to allow for the transfer of funds using digital currency such as cryptocurrency or bitcoin in order to make a sale. From the beginning of a transaction documents that pertain to the specific item (or property) being sold are saved as a chain link, creating a “chain” of information that is stored virtually forever. If you think of a real estate transaction and how Title companies currently record documents with the county, it is very similar, and the record is accessible forever via the Blockchain. In this case, Blockchain transactions allow the consumer access to review the chain of documents and parties involved in a Sale/Transaction permitting access to the entire history of the item being sold. Rainier Title is happy to be at the forefront of Blockchain as the ability to purchase property becomes a reality using crypto currencies and the frequency increases. We see the value and the need for complete transparency in transactions and we all agree that technology is the way of the future. Currently, in the beginning stages of Blockchain Real Estate becoming an increasing need to the public, Rainier Title is beginning to not only record documents at the county for each transaction but, also create the first Blockchains on these documents for these properties as well. This not only allows Rainier Title a base of information stored through Blockchain but, also allows our clients access to Blockchain information long before many other companies will be capable of doing so. Share This Post Facebook Twitter Linkedin Post navigation ← Previous Raving Fans Tracy O. Linda Richards, her team and Ann Birrittier are such a great closing team at Rainier Title. I have used them for years whenever I have the opportunity. Linda is so knowledgeable and Ann does a fantastic job with signing the Buyers/Sellers. Thank you. Jamae H. I feel that this review has been earned by Jennifer Gradin and her team. I work with escrow closers and escrow teams day in and day out, as a loan processor. Jennifer and her team are one of the best. Their communication and attention to detail are like none other. I highly enjoy working with Jennifer, and appreciate her great attitude on top of all else. You can tell that she not only truly cares about the clients and all parties involved, but she also takes the utmost pride in her job and representing her team at best. Thank you Team Gradin for your hard work on each file that I have closed with you in the past! Cheers to files in the future, and helping people get into homes!. :) 1 2 3 4 5 6 7 8 9 10 11 12 You'll Never Miss A Beat Newsletters | Industry Updates | Education KEEP ME IN THE LOOP © 2020 Rainier Title. All Rights Reserved. Privacy Policy Site Developed by: Fingerprint Marketing