Articles – Real Estate Deeds Made Easy Since 1997
Citigroup is a leading global investment bank. And it says blockchain “could be a good fit” for real estate. Traditional real estate often lacks transparency, relies on a lot of middle people, and is generally cumbersome to sell, according to Citigroup’s new report Money, Tokens and Games: Blockchain’s Next Billion Users and Trillions in Value. …
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One of the “big four” accounting firms, PwC (PricewaterhouseCoopers), has published its 2023 Digital Asset Predictions. Under the headline 5 Crypto and NFT Trends That Matter Right Now, the company says “trust will be the new killer app.”
The Texas Blockchain Council (TBC), part of the Texas Innovation and Technology Caucus, is a bipartisan group of Texas lawmakers focused on advancing the state’s tech sector. The Governor appoints the 16-member Work Group. On their agenda? A pilot project for blockchain-based recording of real estate deeds.
Governor Chris Sununu intends to make New Hampshire “a leading jurisdiction for the development of sound and effective applications of blockchain technologies.” This comes on top of a new report from the Governor’s Commission on Cryptocurrencies and Digital Assets, which says blockchain offers improved methods for recording real estate deeds and other title documents. Change …
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Between recession fears and a multi-billion-dollar scandal involving the now-infamous Sam Bankman-Fried and friends, all things crypto were on the defensive in 2022. Can they recover in 2023? And what about blockchain in the property investment area? Any signs of life?
This year in cryptocurrency, we witnessed the speedy rise and fall of Sam Bankman-Fried (“SBF”), whose $32 billion company FTX filed for bankruptcy in November. After the spectacular crash of FTX, it’s never been clearer: Controlling types who invent new coins for the market may come, and they may go. Blockchain is the technology that …
Continue reading “Blockchain in Real Estate: An End-of-Year Reality Check”
In 2017, a small business came up with a fully online mortgage tool. The founders called it an intelligent mortgage adviser, and named it Home Lending Pal. It’s meant especially for first-time home buyers. The platform uses artificial intelligence (AI) to help them become home buyers. Its application criteria do not include race, age, gender …
In March 2022, the White House formally accepted blockchain and crypto as valid innovations with strong use cases, important for U.S. technological progress. But any commercial innovation has to be balanced with consumer protection. And it can’t come soon enough. A (formerly) $32 billion cryptocurrency company just plunged into bankruptcy, its founder now being questioned …
Continue reading “FTX Scandal: What Just Happened to Cryptocurrency, and Does It Affect Blockchain?”
Blockchain is a perfect fit for real estate contracts. How so? Just imagine you’re signing a home purchase contract. You, like the other parties in the deal, have your copy of a smart contract. Not a third party — you. The contract’s terms and contingencies are entered as code in a blockchain network. Once a …
Land titles need to be stored for as long as the land lasts, and they need to be stored securely. They represent major investments. This is why the title insurance industry exists. Title fraud is one of the big threats to the integrity of our land records. Criminals who can forge titles and get past …
Continue reading “In Virginia, Using Blockchain-Like Tech for Land Records”