Blockchain technology can be used in the mortgage approval process to give borrowers _____.
A)additional cash reserves
B)an alternative to escrow
C)the option of storing their financial information in a secure network
D)the option to bid on houses without relying on a realtor

Question

Quizplus · Accepted Answer

Blockchain technology can enhance the security and efficiency of storing and sharing financial information during the mortgage approval process. It provides a decentralized and secure way to manage and verify financial data, which is crucial for mortgage approvals.

Blockchain Technology Can Be Used in the Mortgage Approval Process