this post was submitted on 06 Aug 2023
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Okay, someone gains access to your device and sends themselves the NFT that proves ownership of your house.
What do you do? Do you just accept that since they own the NFT, that means they own the house? Probably not. You'll go through the legal system, because that's still what ultimately decides the ownership. I bet you'll be happy about middle men and "waiting 45 days to close" then.
The legal system needs to enforce ownership and recognise the blockchain as the official ownership registry.