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 .