Chicago’s Cook County to Test Bitcoin Blockchain-Based Property …

Btchain

Through an disdainful partnership with genuine estate tech startup Velox.re, Chicago’s Cook County will exam a use of a Bitcoin blockchain for transferring and tracking skill titles and other open records. The Cook County Recorder’s Office is a second largest such bureau in a United States, and it it will be a initial in a nation to examination with blockchain technology.

Specifically, a bureau will be contrast blockchain applications of skill pretension send and a complement for filing liens; harmony between a blockchain and a traditional, server-based setup; fake use impediment and conveyances of empty skill in Chicago.

In further to Velox.re and a Cook County Recorder’s Office, a International Blockchain Real Estate Association (IBREA), Armour Settlement Services, and tellurian law organisation Hogan Lovells are concerned with a sealed commander project.

The plan was initial announced by Velox.re Founder and CEO Ragnar Lifthrasir on Wednesday during a MIPIM PropTech Summit, that is partial of New York City Real Estate Tech Week 2016.

Velox.re’s possess doing of a open resources protocol, that is a chronicle of a colored coins concept, will be used to exam these several use


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