Local Startup Tellus Title Disrupting Real Estate with Blockchain

One of the more disruptive technologies to emerge in the last few years is Blockchain. Technology gurus have been predicting the disruptive capabilities of blockchain, especially in banking and financial services, for years. In 2016, Goldman Sachs identified several practical use cases for blockchain, including property records and title.

“Homeowners buying or re-financing property are subject to significant transaction costs, including title insurance, where the title search process can be labor-intensive. Along with business process changes, blockchain could reduce title insurance premiums… by reducing errors and manual effort.” ~ Source

David Howie is a a Real Estate Broker with 15 years in the industry and knows first hand the pain points and problems in the real estate and title industry. David is the CEO and Founder of Tellus Title, a Sacramento area startup title insurance company.

David and his team have designed a new approach to real estate utilizing Blockchain technology, believing that the industry will benefit from blockchain and reduce title insurance premiums by 30%, saving U.S. consumers 4 Billion per year. David was also the winner of audience favorite at StartupSac’s most recent Warm-Up Pitch competition held earlier this month. I met up with David to learn more about his startup, how the idea came about, the challenges he has faced, his plans for growing and scaling the startup and more. Check it out in the video or audio podcast below.