I wonder if these concepts could be used to change the way land records are maintained and eliminate the need for title insurance [1] in the U.S. I am no expert but the current system doesn't seemed to have changed much in the past century or so. This results in a lucrative business (title insurance) that effectively insures against book keeping mistakes.
Comments
I wonder if these concepts could be used to change the way land records are maintained and eliminate the need for title insurance [1] in the U.S. I am no expert but the current system doesn't seemed to have changed much in the past century or so. This results in a lucrative business (title insurance) that effectively insures against book keeping mistakes.
[1] http://en.wikipedia.org/wiki/Title_insurance
If some claim to title is omitted from the public record, how exactly would this guard against it?