Automated Contracts, Blockchain and Real Estate Registries
Keywords:
Blockchain, Automated contracts, Machine language, Property Registry, Artificial intelligence, Institutional weakness, Consensus rule, Defenselessness, Registral public faith, Tokenization, In rem entitlementsAbstract
The blockchain technology is not a new technology, but the use of existing cryptographic technologies, combined with the games theory, in order to line up different interests in place without intervention of any central authority, but it does not get it. In case of a conflict, the consensus rule generates defenselessness. This is why blockchain is not a self-sufficient technology. Automated contracts only are self-feasible in simple cases, but when complexity arises, they go to thirds. Real estate contracts and entitlements are complex, unlike contracts and entitlements to obtain the payment of a simple credit. Registries are the intervention tool of state in the real estate transactional system In order to avoid conflicts, providing security and agility to real estate transactions. Blockchain can be a useful tool at the service of institutional strength of the Real Estate Registry.
