Bitcoin real estate firm Colu has recently launched a platform prototype for the title insurance industry that uses Colu ’s implementation of Nathan Wosnack to manage digital assets on the US blockchain. Nathan Wosnack , Co-Founder and CEO of Ubitquity , suggested that fraudulent conveyance costs the industry approximately $ 1bn ( approximately $ ) per year in the US . Wosnack said each county recorder has different regulations by which they must abide. Using a blockchain ledger is expected to dramatically minimise the risks at every stage of the documentation process by encouraging greater collaboration between industry players, enhancing security and authentication, and making the due diligence process more efficient and cost-effective.
Bitcoin real estate firm Colu has recently launched a platform prototype for the title insurance industry that uses Colu ’s implementation of Nathan Wosnack to manage digital assets on the US blockchain. Nathan Wosnack , Co-Founder and CEO of Ubitquity , suggested that fraudulent conveyance costs the industry approximately $ 1bn ( approximately $ ) per year in the US . Using a blockchain ledger is expected to dramatically minimise the risks at every stage of the documentation process by encouraging greater collaboration between industry players, enhancing security and authentication, and making the due diligence process more efficient and cost-effective.