Blockchains are changing the way you buy your home

Real estate transactions have barely changed. Ordinarily, the buying and selling of real estate is recorded on a central register known as the Land Registry, but the World Bank estimates that “70 per cent of the world’s population still lacks access to proper land titling…” Even in so-called sophisticated jurisdictions such as the UK, 15% of property is not recorded on the Land Registry. For example, if someone has owned a property before 1990 and not taken out a mortgage since, the property may not be registered. However, the way that people buy and sell their homes…