Could Cadastral Blockchains Be The Answer To Pa.’s Economic Woes?

12/11/17

By Tony Abraham, Courtesy of Technical.ly Philly

A Wilmington, Del., technologist wants to use blockchain, the encrypted public ledger best known as the technology behind cryptocurrencies, to improve the way business gets done in Pennsylvania.

David Nevins, CEO of blockchain startup ZoomCube, has been working with Wilmington-based firm Alpha Technologies to develop a cadastral map of “all the blockchains” that would allow users to see data in real time and, in his own words, “have a way of accounting various ledgers all in a single glance.”

“Cadastres” are real estate maps used to organize parcel-based real estate in Europe. European nations, such as Sweden, have experimented with using cadastral blockchains to map real estate transactions, with the idea being that putting real estate on blockchain simplifies objectively complicated land registry issues such as clearing and settlement.

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