I think blockchain technology should be used for property titles

May 5, 2021
12:02:32pm

EQD2 3rd String

I hate that I have to pay a company to research title when I buy a home. It seems so archaic and stupid. Just assign an NFT to the property. If you have the NFT, you have the property. Done. Close all title companies

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EQD2

Bio page: EQD2
Joined: Sep 13, 2019
Last login: Apr 25, 2024
Total posts: 3,498 (45 FO)

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Messages

Author

Time

I think blockchain technology should be used for property titles

EQD2

5/5/21 12:02pm

Totally agree.

CocaColaRecovery

5/5/21 12:03pm

One of best use cases for blockchain. Inevitable it will happen

Bandersnatch

5/5/21 12:07pm

That is a great idea. What is the name of your token?

panacablue

5/5/21 12:08pm

Sounds like a startup idea. You should go for it.

cheezedawg

5/5/21 12:08pm

one day it will; and the first chucklehead who figures out how to do so and scale it will be a rich dude or dudette

BYUtiful

5/5/21 12:09pm

The byproduct of the push for crypto will be the proliferation of the blockchain

MormonThug

5/5/21 12:09pm

<< Deleted >>

Buffalo

5/5/21 12:11pm

GBTC?

dtownCoug

5/5/21 12:11pm

BLOK

MormonThug

5/5/21 12:17pm

Do they charge any fees? I know some of the crypto indexes I've looked into in

CougarTailDevourer

5/5/21 12:22pm

.7% or something like that. High but with the returns against its peers i'm

MormonThug

5/5/21 12:28pm

How do you make that work like when someone dies and the ownership of the property is up for debate? Wouldn’t

CDV

5/5/21 12:12pm

Yes. No way to fully eliminate third parties like this, but it does flatten

ebv

5/5/21 12:14pm

I’ve talked with coworkers that bought investment property in India. Their property records there are so much worse than

cheezedawg

5/5/21 12:17pm

Already being done.

No touching

5/5/21 12:16pm

this already exists... Ubitquity and others.

'69chevy

5/5/21 12:16pm

Dang it, this is my second million dollar idea I realized already existed

EQD2

5/5/21 12:18pm

lol. It's not mainstream at all. Do it. Tons of room for competitors.

'69chevy

5/5/21 12:18pm

You don’t have to have a unique idea- you just need to be able to execute your idea

cheezedawg

5/5/21 12:20pm

Exactly. Just copy all of their good stuff and make all their sucky stuff better

'69chevy

5/5/21 12:22pm

Are you Steve Jobs or Tim Cook?

crack

5/5/21 12:23pm

He’s Bill Gates,or Elon Musk

Nat Gas Man

5/5/21 1:08pm

So much more to property titles than who owns the property

Jay Kay

5/5/21 12:17pm

I HATE TITLE INSURANCE!!!! Buy a building for x.. and pay title insurance... refinance it 2 years later and pay title

HarlemCoug

5/5/21 12:19pm

If you change lenders, the title insurance policy doesn’t transfer. Each lender

gwalker

5/5/21 12:42pm

Just one example of how stupidly these things are handled. Save us blockchain!!

EQD2

5/5/21 2:52pm

One thing many of you may be overlooking is title insurance doesn't insurance

gwalker

5/5/21 3:24pm

The way I see it would work like this. If you have the NFT for the property then

EQD2

5/5/21 3:43pm

I don't see it working. "Don't like it, don't buy the property" doesn't work if

gwalker

5/5/21 5:28pm

I think blockchain tech would make title issues much clearer and reduce the risk that title insurers underwrite. The

HarlemCoug

5/5/21 6:27pm

The point of the nft is that there is no investigating to do

EQD2

5/5/21 7:33pm

Until you lose the password to your wallet or something gets hacked

justAnotherCoug

5/5/21 12:28pm

Medici Land Governance is using blockchain to document land titles. Their focus

CanuckUte

5/5/21 12:30pm

100%

Coug-de-Lyon

5/5/21 12:51pm

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