Published on September 4th, 2015 | by bitcoin0
Bitcoin Tech Works With Real Estate Records, Too: HuffPo
As governments move to release more data and documents online, verifying the authenticity of those files will become increasingly important.
In the future, governments could use blockchains to track and verify the ownership of property records, banking records, securities or anything else posted on an open data platform.
Brian Forde, the director of the MIT Media Lab’s Digital Currency Initiative, explores the concept in the video below.
By 2020, using blockchain technology might even become a best practice for the verification of public records online.
“Property records, particularly in the developing world, are notoriously subject to hacking,” Oliver Goodenough, a professor at Vermont Law School, observed in an interview.