I doubt that many people particularly care if property records are available 24/7, or are demanding the ability to update records outside of business hours. Individual pieces of property aren't bought and sold frequently enough to need to be able to be done instantaneously or at any time. Governments have a vested interest in being able to verify that transactions are legal and that identities are known so as to be able collect taxes.
Ransomware or other attacks are always going to be a risk, and the more municipalities that use a single system, the bigger a target it becomes, so smaller but properly secured and backed up systems have advantages.
> I doubt that many people particularly care if property records are available 24/7, or are demanding the ability to update records outside of business hours. Individual pieces of property aren't bought and sold frequently enough to need to be able to be done instantaneously or at any time. Governments have a vested interest in being able to verify that transactions are legal and that identities are known so as to be able collect taxes.
Cryptographic signatures paired with identity information makes all transactions easily verifiable for tax collection purposes. There are purposes such as proving ownership of a record anytime someone needs to that would be convenient if the records are accessible 24/7.
> Ransomware or other attacks are always going to be a risk, and the more municipalities that use a single system, the bigger a target it becomes, so smaller but properly secured and backed up systems have advantages.
If the past is any indication, local governments and small businesses have had a heck of time securing their IT systems. I would much prefer a hardened blockchain system to secure my property ownership record, than the current situation.
> 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.
Ransomware or other attacks are always going to be a risk, and the more municipalities that use a single system, the bigger a target it becomes, so smaller but properly secured and backed up systems have advantages.