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You don't need blockchain to establish such a system. Australia has been using the Torrens title system [1] since the 1800s, which is essentially a (semi) publi
by toomanybeersies 5y ago
You don't need blockchain to establish such a system. Australia has been using the Torrens title system [1] since the 1800s, which is essentially a (semi) public register of titles and transfers.
[1] https://en.wikipedia.org/wiki/Torrens_title https://en.wikipedia.org/wiki/Torrens_title
- GeorgeDewar 5y agoNew Zealand too, and it really is as good as it sounds. Transacting property can be done very quickly, safely and cheaply, and no title insurance is required. The register is of course just a normal relational database. One key to the success, though, is a large and mature body of legislation and processes to ensure that the register really is always correct.