Blockchain may dramatically reduce the cost of processing mortgage applications and provide for transparent, secure transactions and efficient recordkeeping. But the strengths and limitations of blockchain should be better understood before replacing a title system that has been in place for more than 140 years in Illinois, argues Paul Peterson in his February 2019 article, “Problems Blockchain Doesn’t Solve,” for the Illinois Bar Journal. Peterson, vice president and senior underwriter for the Fidelity Family of Title Insurers, vice-chair of ISBA's Construction Law Section Council, and a member of ISBA's Real Estate Law Section Council, outlines record-validating problems that blockchain technology has yet to crack.

Read more in the February issue of the Illinois Bar Journal.