- 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 pilot program was a consensus, volunteer effort with talented individuals and organizations who represented public and private stakeholders. These participants included; velox.RE, Hogan Lovells Law Firm, leaders from the International Blockchain Real Estate Association, the Cook County Recorder of Deeds, law firm Goldberg Kohn and others from title insurance, the public notary sector and technology sector who lent their expertise for specific issues.
This report also addresses the fragmentation and centralization of land registry systems that produce many pain points stemming from inefficiencies and bureaucracies that blockchain adoption can eliminate.