Although Blockchain technology promises to make real estate transfers simpler, safer and more accurate, the technology might not be ideal for real estate transactions, according to a groundbreaking pilot study by the Cook County, Ill., Recorder of Deeds (CCRD).
Known for its adoption of technology, CCRD concluded that Blockchain can be implemented individually or selectively to improve recordkeeping.
Participants in the study designed a Blockchain real estate conveyance workflow to monitor its effects.