Two Blockchain Title Company the biggest names in title insurance are joining together Blockchain Title Company bring blockchain to the title insurance industry. First American Financial announced Wednesday that it is launching a shared blockchain system to be used in the title insurance process.

The blockchain system, which First American designed, is intended to facilitate the exchange of prior title insurance policies between underwriters that contribute to the system, First American said. First American said that each title insurance policy in the system will be coded with a unique identifier by property, which should streamline the search process and increase the accuracy of searches for prior title insurance policies.

According Kolkata Based Construction Company First American, it is common practice Occ Company Saudi title insurance underwriters to share policy information, as it both increases efficiency and reduces risk.

Industry folks have been touting the potential benefits of blockchain for the real estate industry for some time. Once data is shared on a blockchain, all parties on the blockchain can see if any changes are made. Don't have an account? Please Sign Up. Skip to content. And now, First American is bringing blockchain to the title insurance business.

Mar 02, By Kathleen Howley. Can the housing market withstand the coronavirus? Latest Articles. Mar 05, By Alcynna Lloyd. Sponsored Content. Blockchain Title Company In. Post was not sent - check your email addresses! Sorry, your blog cannot share posts by email.

ALTA - Blockchain Can’t Protect Property Rights, but Title ...

Apr 19, 2018 · What title insurance can do that blockchain can’t. Typically, purchasing a home is the largest investment a person will make in his or her lifetime. A homebuyer’s lender acquires a stake in the home as well. A title insurance policy is the only way to protect a homebuyer’s and a lender’s investment against another’s claim of ownership ...…