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Property title, availability of airspace, really any complex system that requires mutual cooperation (or at least awareness) could benefit from uniform distribu

Property title, availability of airspace, really any complex system that requires mutual cooperation (or at least awareness) could benefit from uniform distributed ledger technology.

root_axis 9y ago
How would blockchains help with property title management?
- mercurialshark 9y ago
  For a comprehensive answer see Avi Spielman's thesis, in "Blockchain: Digitally Rebuilding the Real Estate Industry" "The research to date leads to the following conclusions: A blockchain title recording system is the future of title record keeping and would provide immediate benefits over the current title recording system, with additional benefits accruing in the future as blockchain technology grows in acceptance. However, at the moment, these benefits do not yet outweigh the costs and challenges associated with implementing a prototype blockchain title registry system in Davidson County, or elsewhere in the country. That being said, steps can, and should be taken now to lay the foundation for a blockchain system." dci.mit.edu/assets/papers/spielman_thesis.pdfdci.mit.edu/assets/papers/spielman_thesis.pdf
  - root_axis 9y ago
    I can't find an explanation in your excerpt nor in the paper that gives specific details as to how the blockchain is uniquely beneficial for property title management. I see some examples of how certain qualities of the blockchain could be beneficial, (e.g. property owners being identified by a private key), but you don't need a blockchain to get any of those benefits.
- autotypo 9y ago
  During the subprime crisis there were reports of loans which had been flipped so many times that the chain of title could not be determined.
  - root_axis 9y ago
    A blockchain is needed to solve this problem though.
tresp 9y ago
can you link any property title stuff? do you mean commercial residential or both?
- mercurialshark 9y ago
  Sorry just seeing this now. Both, actually. Avi Spielman, in "Blockchain: Digitally Rebuilding the Real Estate Industry" does a terrific job addressing and exploring "aspect(s)- recording property titles- by comparing the benefits and limitations of a blockchain with those of the current record keeping system." dci.mit.edu/assets/papers/spielman_thesis.pdfdci.mit.edu/assets/papers/spielman_thesis.pdf
omarchowdhury 9y ago
Aren't these already solved though?

Property title, availability of airspace, really any complex system that requires mutual cooperation (or at least awareness) could benefit from uniform distributed ledger technology.

root_axis 9y ago

How would blockchains help with property title management?

mercurialshark 9y ago
For a comprehensive answer see Avi Spielman's thesis, in "Blockchain: Digitally Rebuilding the Real Estate Industry" "The research to date leads to the following conclusions: A blockchain title recording system is the future of title record keeping and would provide immediate benefits over the current title recording system, with additional benefits accruing in the future as blockchain technology grows in acceptance. However, at the moment, these benefits do not yet outweigh the costs and challenges associated with implementing a prototype blockchain title registry system in Davidson County, or elsewhere in the country. That being said, steps can, and should be taken now to lay the foundation for a blockchain system." dci.mit.edu/assets/papers/spielman_thesis.pdfdci.mit.edu/assets/papers/spielman_thesis.pdf
- root_axis 9y ago
  I can't find an explanation in your excerpt nor in the paper that gives specific details as to how the blockchain is uniquely beneficial for property title management. I see some examples of how certain qualities of the blockchain could be beneficial, (e.g. property owners being identified by a private key), but you don't need a blockchain to get any of those benefits.
autotypo 9y ago
During the subprime crisis there were reports of loans which had been flipped so many times that the chain of title could not be determined.
- root_axis 9y ago
  A blockchain is needed to solve this problem though.

tresp 9y ago

can you link any property title stuff? do you mean commercial residential or both?

mercurialshark 9y ago
Sorry just seeing this now. Both, actually. Avi Spielman, in "Blockchain: Digitally Rebuilding the Real Estate Industry" does a terrific job addressing and exploring "aspect(s)- recording property titles- by comparing the benefits and limitations of a blockchain with those of the current record keeping system." dci.mit.edu/assets/papers/spielman_thesis.pdfdci.mit.edu/assets/papers/spielman_thesis.pdf

omarchowdhury 9y ago

Aren't these already solved though?