4 ms·

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.