Loading ...Best Use Case For Blockchain
While I have been a total skeptic regarding Bitcoin, I have always believed that blockchain technology would prove useful in a number of other areas. The one obvious case was for keeping records of real estate transactions. I could never understand how municipal governments had ever allowed some people to be scammed out of their homes because a criminal would fraudulenty pretend to own someone else’s property. It is mind boggling that since the era of widespread computerization of just about everything, that any chance for fraud in who owns what real estate still exists, especially since records are kept for tax purposes. That isn’t the use case that I propose in this piece. It seems to me that the best use of blockchain would be to insure accurate, updated voter registration records. Not the actual vote recording and tabulation, that would continue to be done as is, until a better method is devised. I am referring to insuring that every registered voter is recorded on a blockchain that would keep track of who lives where, is only registered once, in one geographical location and is removed automatically upon death. This would go a long way to minimizing voter fraud. You have to be in the official file to vote, you can only vote once and you can only vote in one geographical location in any given election. Even if people somehow get a hold of multiple ballots, whether by accidental mistake or attempted fraud, only one ballot gets counted for any given citizen. The blockchain record can also ensure that only eligible voters (citizens) get onto the registered file. I am not a blockchain nor computer expert but this should be pretty easy for those who are, to figure out and implement.
The technology solution is already in use for ownership of digital assets.
https://tokeny.com/onchainid/
This could easily be adapted for real estate ownership and for voting.
But why would the deep State want this, as they can longer rig the game.
Agree the deep state(Dems) don’t want and would never implement on their watch. If The GOP gains both houses of Congress they can start the process but it will take a GOP President to sign as well unless a two thirds veto overide can be gained. High bar to overcome. At least on the state level where most voting issues are handled, additional gains by the republicans this year can go a long way to starting the process.
In Georgia, Eastern Europe, all real estate property title deeds are now on blockchain.
A typical title deed transfer has been reduced from days to minutes.
There are no paper title deeds. All digital.
Good to know, thanks. As I wrote, it is long overdue here. I wondered if the title insurance industry would lobby to prevent it. Their business would eventually disappear. But one last search for every property put on the blockchain would provide a nice final windfall?