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Artwork for “National Association of Realtors is Contributing to the Blockchain Revolution”
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Audio podcast
Primary guest
With Dave Conroy

National Association of Realtors is Contributing to the Blockchain Revolution

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A Property Record Should Be Useful After the Closing

By Brittanie Campbell-Turner

Published on Constructrr

A used vehicle can be followed through a stable identification number. Dave Conroy used that comparison in 2018, then said, “The same isn't true for property.” He was describing the lack of a consistent identity that could connect a building to its history.

The comparison moves the conversation beyond one transaction. A closing is an important event, but a building keeps producing information after the buyer and seller leave the table.

One address can sit across many disconnected records

Dave described a real estate transaction with many participants working from separate information systems. He also said listing information could be lost when MLS software changed and described recorder offices accepting documents without meaningful verification.

Those system examples belong to Dave Conroy's 2018 interview. Together, they show the continuity problem. A record may exist in one system without remaining connected to the same property through the next software change, transaction, or decision.

Property identity gives history somewhere to attach

Dave Conroy discussed a home identifier that could support applications in the way a vehicle identification number supports a vehicle history. The durable information value did not come from the property identifier alone. It was the ability to connect listing, title, ownership, and other property information to one asset over time.

That distinction matters because storage and continuity are different jobs. More documents do not create a usable history when the next person cannot tell which asset they describe or how one event relates to another.

The next user changes what belongs in the record

Later, Dave expanded the discussion to builders, installed products, warranties, recalls, maintenance, and equipment history. He was exploring possible uses, not describing an operating property ledger.

They offer a helpful planning test. Name the next person who needs the information, then name the decision that person must make. A warranty record matters differently to an operator than a listing description matters to a broker. The property identity connects them, but governance still decides what can be added, corrected, and trusted.

The closing should not be the only moment the record is designed to serve. A durable property history begins when the team plans for the next user before the handoff arrives.

Recording information

People, topics, and original sources for this recording and article.

Original show notesGuest links and notes from the original episode page.

Dave Conroy research & development Lab Engineer at National Association of Realtors. He frequently educates about how Blockchain and Distributed Ledger Technologies, Prototyping, Software Design, Management, and Networking can integrate with Real Estate. He believes that Real Estate / Finance & Supply Chain are the most viable markets for a blockchain and If you are part of any association, pay attention to how the NAR is leading the way by eating their own dog food testing out how to build better credibility and reputation tracking in their internal network. Dave is really passions and excited about what is to come in the coming months with this tech in CRE.

 

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Original source date
People
  • Dave Conroy, Research and development lab engineer at the National Association of Realtors; blockchain educator, prototype developer, and internal innovation champion

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