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Re: MannSinger post# 440857

Tuesday, 12/12/2017 12:08:22 PM

Tuesday, December 12, 2017 12:08:22 PM

Post# of 794649
Amen! Over 8500% returns for me, too. But that's not why I'm interest in it. The technology is potentially capable of disrupting tons of industries. Legal industry, escrow, RE title insurance, trade settlement (France and Australia are already doing that), government functions (the country of Georgia is already using the blockchain to support gvt functions), land deeds, basically any contract, video game and creative industries (music industry has some artists issuing "coins" based on blockchain and this helps them raise $ and helps fans make $). It is a freely distributed, transparent public ledger system. Why would you need to pay a title company to check a RE title if the title had been originated on a blockchain and had been verified by millions of users and couldn't have been messed-with without some of those users flagging it? It couldn't be transferred without permission, etc, and there are basically millions of "witnesses" continually preventing any funny business from happening with your title. The trust we put in many financial institutions could very well be rendered obsolete by blockchain-based technologies.