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The blockchain solves the problem of assignment and transference of property rights. Right now that process in many places is slow, expensive, error prone, and
by darawk 9y ago
The blockchain solves the problem of assignment and transference of property rights. Right now that process in many places is slow, expensive, error prone, and corruption prone. Blockchains completely eliminate that, full stop. Yes, you still need the authorities for enforcement, so obviously blockchains do not create some utopia where everything works perfectly, but they do solve big, real problems.