Cook County to Use the Bitcoin Blockchain for Property Conveyance
Properties in Cook County, Illinois, will be the first to be conveyed in the blockchain by a government agency, according to cre.tech, a news source for commercial real estate technology. Velox, a blockchain technology provider, will provide the technology that will furnish better information on vacant Chicago buildings to prevent fraudulent conveyance. A pilot program will test compatibility among distributed ledgers and the client-server database model. Office Cites Blockchain Benefits. John Mirkovic, deputy recorder of deeds for communication and IT for the county’s recorder of deeds....
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Through an exclusive partnership with real estate tech startup Velox.re, Chicago’s Cook County will test the use of the Bitcoin blockchain for transferring and tracking property titles and other public records. The Cook County Recorder’s Office is the second largest such office in the United States, and it it will be the first in the country to experiment with blockchain technology. Specifically, the office will be testing blockchain applications of property title transfer and a system for filing liens; compatibility between a blockchain and a traditional, server-based setup; fraudulent....
The Republic of Georgia has formally teamed with Bitfury Group, a provider of blockchain infrastructure, to use the bitcoin blockchain to validate property-related transfers, according to Forbes. Bitfury Group first partnered with the Georgia government last April to register land titles using a private blockchain and to verify them using the public bitcoin blockchain. This marked the first time a national government used the bitcoin blockchain to validate and secure government actions. Parties Expand Agreement. The Georgian National Agency of Public Registry (NAPR) and Bitfury have agreed....
This article originally appeared at Bitcoin Not Bombs.When you fight for something your local government is trying to hide, you're going to make some enemies. Sean's Outpost purchased the property known as Satoshi Forest with the expectation that they would receive some backlash from not only the City of Pensacola and Escambia County, but also from residents in the Mayfair community where it is situated. The plans for Satoshi Forest were simple but controversial; turn the property into a campground where the homeless can reside free of interference from the police. In the months since....
The CEO of the tech giant Apple, Tim Cook disclosed that he owns cryptocurrency and said that he thinks it’s reasonable to own it as part of a diversified portfolio.” Cook’s statements stemmed from an appearance with the New York Times Dealbook’s host Andrew Ross Sorkin.
Apple CEO Tim Cook Tells the Press He Owns Crypto and It’s Something Apple Is ‘Looking At’
The cryptocurrency economy has been on a tear and recently captured $3 trillion in value this week as bitcoin (BTC) and a number of other crypto assets reached all-time....
Sean's Outpost is a Pensacola, Florida based charity for the homeless. It is well known as one of the first organisations to embrace Bitcoin for charitable giving. Jason King is its founder. He is a regular speaker at events and is highly respected for his work. The organisation has, to date, used Bitcoin donations to successfully supply 60,000 meals, secure nine acres of property and open a thrift store. So, Sean's Outpost's first birthday this week should have been cause for celebration. The local government of Pensacola, Florida has messed that right up. The City of Pensacola has been a....