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Re: BullsOnFire post# 1836

Tuesday, 04/24/2018 2:23:58 PM

Tuesday, April 24, 2018 2:23:58 PM

Post# of 2380
It would basically save the mortgage industry. The 2007 to 2010 mortgage crisis showed how terribly inadequate the paper and rubber stamp system was as the mortgages where bundled up as securities and sold all over the world. The crisis revealed that in such an nontransparent system the paperwork was highly susceptible to manipulation, tampering and outright loss. It has not significantly changed the record keeping standards of the industry and is just waiting for a similar scandal to unfold. A transparent, immutable, public distributed ledger (aka blockchain) is tailor made to solve this very kind of problem and the rewards for anyone who can fix this multitrillion and very vital industry would be handsome windfall indeed. Very nice for BKPPF and her investors.