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The state would have to legislatively enact the fact the their land registry database is now an NFT based blockchain.

• tsimionescu 4y ago
  Sure, I was taking that for granted more or less. But that doesn't mean anyone will buy a house by browsing some site and buying an NFT, even if this were prefectului legally worked out. And that is because a house and piece of land are complex real world objects that don't live on-chain, and can be arbitrarily different from when the NFT was minted. Perhaps there was flooding and the house is now damaged. Perhaps there is some insect infestation. Perhaps the land is in the process of being expropriate for highway construction. Perhaps a nearby high-rise is obscuring all the sunlight and the house is to dark for your tastes. The complexity in real-estate transactions comes from appraising all of these sorts of things, not from the need of keeping the lands registry up to date. To buy a house, you need to have an expert appraise it's status. You also need a contract that gives you some protection from hudden huge issues that your expert may have missed. These things take the majority of the time and effprt, and NFTs do nothing to help with them.