Disrupting the Status Quo: How Web3 Could Revolutionize Mortgages The traditional mortgage process is notorious for its complexity, inefficiency, and lack of transparency. Prospective homeowners face a labyrinthine journey filled with mountains of paperwork, lengthy approvals, and often encounter hidden fees and terms. Web3, a new paradigm driven by blockchain technology and decentralized finance (DeFi), promises to revolutionize various industries, and the mortgage sector is no exception. This article explores the potential of Web3 to democratize homeownership by making the process more accessible, efficient, and equitable. Key Facts and Findings The current mortgage process suffers from several inefficiencies: Time-consuming approvals: A recent study...