The County Auditors’ Association of Ohio (CAAO) has created a working group to study the use of blockchain for the effective transfer of property deeds. The news broke on February 21, when Ohio-based blockchain startup SafeChain announced it was appointed as the technical advisor to the multi-county initiative.
The association will explore using blockchain technology to execute and manage real estate transactions. The technology’s ability to transfer land titles across multiple states will also be put to the test, SafeChain said.
Tony Franco, a senior member of SafeChain, will be reviewing all projects. The County Auditors’ Association of Ohio, which is currently chaired by Warren County Auditor Matt Nolan, is made up of 13 Ohio county auditors. Their roles include overseeing of the financial books and records of all county officers, as well as administering their respective counties’ budgets.
“We have a committed group […] to enhance technology and improve government operations to the benefit of the taxpayer. CAAO has set an extremely high standard for getting involved in technology projects due to the need to recognize its members’ diverse needs; this makes the formation of this working group particularly noteworthy,” Nolan said in the company’s release.