Can We Record Deeds on the Blockchain?

Blockchain, the underlying technology of cryptocurrency, is a digital recording system, leading innovators to wonder if it could solve challenges in deed recording.

The U.S. deed recording system is tried and true. At the same time, title defects and tangled titles are much too common. Additionally, deed fraud harms vulnerable homeowners..

What if our title system moved to the blockchain? A “blocktitle” system, as Dawson Sanders at the University of Southern California calls it, would transform real estate transactions.

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Blockchain for Real Estate: It’s Coming.

If you’ve ever bought a house, condo, or co-op, you’ll know it’s a major process. Many joyful buys took a good deal of trudging through weeks of stressful communication challenges. The journey was loaded with people, paperwork, and fees. Why do we put ourselves through it? Because getting into the market is a key wealth-building method.

But could there be a better way?

Tokenization seems ready-made to simplify real estate deals. To say an asset is tokenized means it’s represented by a token on a blockchain.

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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 unfold? Could blockchain make community-based real estate investments happen?

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