Among possible applications for blockchain technology, real-estate titles—a bit of land legalese that many people may only think about as they plod through paperwork to buy a house—might not seem high on the list.
Land titles don’t involve digital goods or cryptocurrencies, but those records do have features that can lend themselves to digital-ledger storage: They’re generated by the interactions of people and companies that often have no prior relationship, they require long-term storage and trust, and they often remain confined to paper records.
And because of the non-trivial sums at stake in most land transactions, participants have to pay third parties to vet the records.
“We still have a thing called title insurance, where someone actually has to go out, go to the local municipality, look for a paper title in a file, and then, you know, pay a lawyer,” said Ather Williams III, a senior EVP for digital innovation at Wells Fargo, in a panel on blockchain possibilities at the...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...