Ethereum is a Blockchain development platform, specifically designed for creating smart contracts
and to supplement the creation of complex decentralized applications and blockchain platforms. It has become synonymous with the terms like DApps development, the creation of custom tokens and paving the way for distributing tokens through Initial Coin Offerings (ICOs).
Ethereum Virtual Machine being turing complete , the Ethereum platform allows programmers and developers to explore virtually unlimited possibilities through the platform’s Turing complete smart contracts.
MORTGAGES ON THE BLOCKCHAIN
The cost of getting a reverse mortgage depends on the particular reverse mortgage program the borrower acquires. These costs are frequently rolled into the loan itself and therefore compound with the principal. Typical costs for the reverse mortgage include:
· an application fee (establishment fee) stamp duty, mortgage registration fees, and other government charges. In addition, there may be costs during the life of the reverse mortgage. A monthly service charge may be applied
· Legal advice
· Other legal, closing, and administrative costs
· Smart contract tokenization removes these fees and acts as a transition to greater liquidity for both the client and the issuer
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