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This Virginia county is trying to use blockchain-like tech to store land titles

  • 2 mths ago

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.

Read More: https://www.fastcompany.com/90766062/this-virginia-county-is-trying-to-use-blockchain-like-tech-to-store-land-titles

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