This is the first post of a two-part series of papers on blockchains. Blockchains got a bad rap due to digital currency (Bitcoin), but can actually be quite useful in the real estate industry. They are simply another way to manage data.
The first paper describes the technical difference between blockchains and traditional data management (databases); the second discusses applications. I introduced some of my blockchains thoughts at a RESO (standards group) meeting a while ago, and I don’t think the industry was ready. Let’s go at this again!
Blockchains in Real Estate – Part 1