ricecake , 1 year ago

I’m not sure I agree with your mortgage insurance example.

The problem isn’t record keeping, but answering the question “if you use an asset as collateral for a loan to purchase that asset, what happens to the loan if the purchase is invalidated”?

Block chain might make title searches easier, but it wont have any impact whatsoever on the existence of a legal system that can independently audit and invalidate contracts after the fact.

The asset isn’t digital, so ownership can’t be enforced digitally.
The current system is a pile of digital databases and paper records that need to be checked before sales can happen. Actual questions or disputes are handled by the courts. Block chain can’t change that, only change the underlying way we store the data.