For a comprehensive answer see Avi Spielman's thesis, in "Blockchain: Digitally Rebuilding the Real Estate Industry" "The research to date leads to the followi

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