> Cryptographic signatures paired with identity information makes all transactions easily verifiable for tax collection purposes.
I don’t think they even care who pays the tax as long as it gets paid. They aren’t going to not take your money if they can’t verify you’re the legal owner.
> I would much prefer a hardened blockchain system to secure my property ownership record, than the current situation.
The current system isn’t even digital. There’s some sort of master book or something that records every title transaction since there’s been a legal claim on the property. I’m pretty sure the one for my house is archived with the title insurance company, probably something I should know.
I don’t think they even care who pays the tax as long as it gets paid. They aren’t going to not take your money if they can’t verify you’re the legal owner.
> I would much prefer a hardened blockchain system to secure my property ownership record, than the current situation.
The current system isn’t even digital. There’s some sort of master book or something that records every title transaction since there’s been a legal claim on the property. I’m pretty sure the one for my house is archived with the title insurance company, probably something I should know.