By changing the way that information is digitally stored and exchanged, blockchain technology will alter the way real estate is recorded, transferred, financed and managed globally.

Bitcoin, the popular virtual currency based on blockchain (or distributed ledger) technology, was released in response to the financial crisis and as a result of advances in software, communications and encryption. Bitcoin established a set of rules for its currency that ensured the integrity of data exchanged among many computers globally, without the involvement of a government or other trusted third party.