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Why can't all the background checks and inspections be part of the process towards tokenizing the house? If everything is verifiable and transparent on the bloc
by rhlsthrm 7y ago
Why can't all the background checks and inspections be part of the process towards tokenizing the house? If everything is verifiable and transparent on the blockchain it can surely be used for this process.
The key with this is it's not unsecured. It's secured by something.
- arcticbull 7y agoSecured by what? Magic beans that live in your computer? That's strictly less powerful than the contract law an unsecured loan is based on today. It's also totally verifiable: the person lending you the money has every interest in retaining an audit trail for themselves. They're the only ones that need to verify this. Who on earth else needs to know you have a loan?