“Hmmm, That Sure Sounds Familiar”: Before There Was Blockchain Computing, There Was . . .

Bitcoin vs. Abstract of Title

Mystified by Bitcoin and the technology that undergirds it — something called “blockchain computing?”

It’s just a digital version of the millennia-old, “analog” system used to track real property ownership rights.

Called an “abstract of title,” it’s a cumulative listing of all the previous owners of a particular parcel of land, and the dwelling(s) on it.

By contrast, “Torrens,” the more modern evidence of real property ownership, dispenses with the cumulative history, and simply shows the current owner.

Simple, huh?



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