Page 25 - February 2018 Disruption Report Flip Book
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THE FUTURE FINANCIAL INFRASTRUCTURE FJEABNRUUAARRYY 22001188
Blockchain pilots in real estate title registries
The real estate industry faces multiple pain points caused by fragmented technology across
a number of different protocols in real estate title registries. The real estate title ecosystem is comprised of proprietary and non-interoperable software applications, while real estate data is aggregated and centralized by third parties.
EXISTING REAL ESTATE ECOSYSTEM
This fragmentation and centralization produces the following ten pain points:
• Illiquid assets / cumbersome title transfer
• Slow price discovery
• Expensive Due diligence
• Incomplete and insecure property data
• High transaction costs
• Unnecessary third parties
• Non-interoperableandproprietarysoftware
• Legal inconsistencies
• Fraud
• Haphazard mortgage tracking
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