Types of real estate registries and whether blockchain fits into it
Channel: Blockchain State
Date: 2022-02-05

There are two types of land registries: (1) deed centric - where the land authorities keep chains of title deeds 'who transferred to whom,' and (2) title centric - the title is associated with an owner so the registry always 'knows' who is the current proprietor. The first one is spread in the U.S., the second is known as Torrens title system (Australia + 15 countries) and also it is a typical type of registry in Europe. The beauty of blockchain is that it fits both systems:  a blockchain transaction is designed as unbreakable chain of records - each next transaction must refer to the previous one (where the asset comes from and it goes), at the same time a token is always associated with the current owner being attached to a user's address. 

See next:
-Jurisdictions on blockchain
https://www.youtube.com/watch?v=Pktr_dS-SAA


- Watch my new video to know more about types of registries and how blockchain fits into it. https://youtu.be/veGP1r9aPRk #blockchain #realestate 

#landrights #blockchainestateregistry #smartcontracts 




Watch next:

- Jurisdictions on blockchain 
https://youtu.be/Pktr_dS-SAA