Tag: Blockchain Technology
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Setting the Example: Bergen County Migrates 370,000 NJ Deeds to the Blockchain
Bergen County, New Jersey has jumped on the blockchain train. The county is digitizing all of its property records. The County Clerk has inked a five-year contract with Balcony Technology Group, a blockchain-focused records company based in New Jersey. Once they’re digitized, 370,000 property deeds (representing $240 billion in property value) will migrate to…
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Real Estate or Bitcoin? In 2024, Investors Consider the Tradeoffs
Bitcoin watchers have noticed surprising amounts of real estate profits being converted into bitcoin. The reason comes down to unpredictable returns in real estate for wealthy investor-buyers. At the same time, “Bitcoin, as an emerging asset class, potentially offers much higher growth potential for many investors,” writes Nik Hoffman for Bitcoin Magazine. Wow, much potentially…
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Blockchain for Good: Can Smart Contracts Play a Community-Building Role?
Holding the deed to real estate is long associated with stability and financial security. What if some of that security could be shared by — and build up— communities? This article is a thought experiment. Let’s imagine how things could play out if local residents could invest small amounts in a building. How would this…
