Articles Written by Ragnar
Real estate is mired in fragmented technology and data, and burdened with third parties. There is no industry whose transactional architecture maps to blockchain’s architecture more than real estate. Blockchain, and Bitcoin specifically, facilitates the payment, transfer, management, and recording of assets on a trust–minimized, peer to peer, secure, open source network.
Using blockchain for real estate title is an exciting focus for many companies, entrepreneurs, investors, and even governments. Because I see mistakes being made in these efforts, I will share my best principles and practices for blockchain title applications.
Can you legally transfer ownership of real estate on the bitcoin blockchain? Can a blockchain real estate title transfer be recorded in the government public records? Can you do both without needing special permission or partnership with the county government?
The answers are yes, yes, and yes.
Articles with Quotes from Ragnar
Proponents of the technology, which enables digital currencies such as Bitcoin, say it can revolutionize real estate deals— but can it overcome its shady reputation? But Bitcoin isn’t the only way real estate players make blockchain work for them. Proponents of the technology claim it will allow for smoother cross-border transfers, reduce transaction times from weeks to hours, end data monopolies like CoStar Group and Zillow, and herald a secure globalized real estate market.
Today, real estate professionals from brokers to bankers and lawyers to title insurers are having their own blockchain moment, increasingly attuned to the digital ledger infrastructure’s potential to reshape industry. Alerted to the technology’s promise by a plethora of hungry startups, a successful pilot program in Chicago and mainstream business headlines about Bitcoin, industry forward-thinkers are learning about blockchain’s potential with a mix of excitement and apprehension.