Milestone in Vermont
The Vermont city of South Burlington has become a trendsetter in blockchain deed recording. Looking at the South Burlington test run, we can see that a deed on the blockchain doesn’t look like some futuristic metaverse creation. (Scroll here for a look at the deed.) Instead, it resembles your typical property deed. The only unusual aspect you’ll find is some computer code, by which anyone can locate the instrument on the Ethereum blockchain.
As normal as it seems, its existence is a milestone. At its early stages, South Burlington city clerk Donna Kinville described the pilot recording project:
I will tell you this one transaction has generated a lot of phone calls from all over the country and Montreal, mostly from various tech magazines but also one of Virginia’s county recorders, attorneys, title insurers, and interested citizens.
Vermont was a blockchain-curious state even before the cryptocurrency boom of 2017, when many people gained an interest in its technology. And deed recording is an oft-mentioned use case for blockchain. South Burlington’s interest is tentative, yet in keeping with Vermont’s innovative spirit.
Continue reading “A Blockchain Property Deed”