Monday, February 19, 2018

Consider selling your car in the sandbox

Step one is to thumb print power of attorney to a sales bot. That would include thumb print of ownership, or bill of sale, already digital or otherwise.

Now, on sending your bot out to auto pit, via the escrow router, consider what notary vendors we want checking the deal. On the sellers side, we need proof of cash, or specified asset.  The standard notary will do. The buyer wants quite a bit more, some recorded history, some address of registration, etc. The buyer want a notary specialized in car sales across jurisdiction, and keeps a bit of car history.

The more complex notary is insuring the buyer against an asset with a lot of hidden features. That notary may have a deal with an insurance notary who can check on owner history a bit. The businesses independent, they already exist, on the web. We have layered the businesses with bearer asset grease. Tese auto service vendors run notary farms with reat checks and high aurate appraisals. They allow relative pricing as in "5% under appraised value". A contract term agreed to prior to, and checked by the notaries specified at escrow points. The notary company gets some nice digits for service.

To get the size of the notary  market consider the size of the fraud market, about 50 billion, a very conservative number.  Notaries will earn a quarter back on savings and another quarter on additional service.  A very conservative 25 billion in obvious and apparent business, in the sandbox.

No comments: