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Deeds, Reimagined: Is a New Day Dawning for the Chain of Title?

Image of a very large steel chain with the sun shining through one of the links. Captioned: Is a New Day Dawning for the Chain of Title?

Art met real estate in a new way this year. Krista Kim’s Mars House design appeared on the first irreplaceable, non-fungible token (NFT) for a virtual house and garden. Kim’s virtual experience was followed by an NFT listing for a home in New York (a real one) on the Ethereum blockchain.

Think it’s all a flash in the pan? Look again. Blockchain’s tamper-resistant ledger system offers tremendous benefits for real estate deeds. It’s poised to transform the way we trace a chain of title. And the rise of NFTs just shows how fast things are moving.

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The Real Estate Deal, Decluttered: Blockchain and Deed Recording

Throughout the past decade, blockchain technology has evolved from an upstart concept to early adoption in banking and a host of other industries. Many people are eager to learn about blockchain and how it can change the way we do business.

What, we might wonder, can the blockchain do to remedy the hurdles and risks that pervade the real estate industry?

The question is now ripe. Today, we can review early examples of blockchain technology in action, modernizing property conveyance. Specifically, blockchain applied to real estate has obvious potential for improving the deed recording process.

How will blockchain make things better?

Continue reading “The Real Estate Deal, Decluttered: Blockchain and Deed Recording”