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Author Topic: Bitcoin could be used to Secure Assets and Propertery Titles  (Read 926 times)
Bitcoinpro (OP)
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August 16, 2014, 11:26:06 AM
 #1

Bitcoin could be used to verify ownership of assets, as secondary evidence or as a more convenient

way of transferring ownership than paperwork.




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August 16, 2014, 12:40:09 PM
 #2

It could be but I don't think we would be able to  do that in the soon to be future as Bitcoin hasn't really taken off yet.

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August 16, 2014, 01:08:07 PM
 #3

Bitcoin could be used to verify ownership of assets, as secondary evidence or as a more convenient

way of transferring ownership than paperwork.



I'm not sure that this will happen any time soon if ever.
To verify ownership of assets legal process is required, government offices are included and I doubt that they will include Bitcoin in their verification process.

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August 16, 2014, 01:18:00 PM
 #4

Bitcoin could be used to verify ownership of assets, as secondary evidence or as a more convenient

way of transferring ownership than paperwork.


How? Care to elaborate or provide some examples because I'd like to know more about this?
Bitcoinpro (OP)
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August 16, 2014, 01:29:11 PM
 #5

And you could also buy the Title in someone else's name and hold onto the private keys so that

their is no way they can sell it without your permission either. I can see many other possible benefits

to the process, and most of them are precisely why Bitcoin is such an attractive product. I'm not going

to write them all down just have a think about it the concept of assets being assigned an no amount

of physical/network force is able to remove the assigned title.

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August 16, 2014, 02:44:15 PM
 #6

good idea Cool Cool

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August 16, 2014, 02:45:54 PM
 #7

Bitcoin could be used to verify ownership of assets, as secondary evidence or as a more convenient

way of transferring ownership than paperwork.





Any kind of contract can be embedded in the blockchain and as far as I understand it, digital signatures are legally recognized so I don't see any reason why not.

I describe using the process to document intellectual property, but it's not limited to that by any means: https://bitcointalk.org/index.php?topic=730822.msg8322703#msg8322703

A service already exists for legally signing documents in the blockchain: https://blocksignit.com/

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