Thanks for this video that explains everything a newbie like me needs to know.
I personally i am excited to be part of this future where everything is on block chain.
The FITS model really helps solve many issues.
- Fraud would be reduced/eliminated
- Middlemen removed
- Stability of data
This would ensure smooth running of operations like that one of a car purchase as explained in the video.
Block Chain is the wave of the Future,i am happy to be part of the wave by being on Steemit .