Inman Connect Title companies are seeing more business than ever, but could that be about to come to an end? One economist thinks so. Title premium volume surged more than 20 percent in 2020, and the industry generated $19.2 billion in title insurance premiums, according to the American Land Title Association’s latest Market Share Analysis. But despite this increase in activity, one economist said title companies could become obsolete as blockchain technology becomes more popular. “Prediction: Blockchain and NFTs will make title companies obsolete,” Redfin Chief Economist Daryl Fairweather wrote in a Twitter thread. “The market for title companies right now is over $16 billion. The role of the title company is to make sure the home seller actually owns the home and has the right to sell it (an NFT could take care of that).”