I'm a pretty big sceptic on all of this crypto BS, but the ownership of real estate assets seems like a pretty archaic system of not easily inspected pieces of paper. Having a public, provable system for recording this information (and possibly other related info, e.g. liens) seems like it would be of some use. The system we have works, but it could work better.
This already exists in many states. It's a political problem (whether or not to use of tax money to pay for the digitization of old records), not a technical one: https://www.uslandrecords.com/uslr/UslrApp/index.jsp
Related information, like liens, is available via those public records as well.
'I presided over the digitization of all old records' isn't something an MBA type necessarily wants on their CV, so they won't push for it no matter the value to the company.
However 'I lead a team implementing a solution to digitize and store records on the blockchain' is how the MBA type gets a promotion/new job offer and how the technical guys can get the budget to do important stuff that was otherwise too unglamorous to be prioritized...
Arguably you'd want the conveyancer anyway to go through the legal concerns, and clearly "blockchain" solutions are not the only possible solutions - simply digitising them and making them available and sensibly organised would be fine.