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Good news: blockchain of the future will prevent disabling a car for the debt of a person outside the chain of title. Bad news: This is the kind of smart contr
by Digory 9y ago
Good news: blockchain of the future will prevent disabling a car for the debt of a person outside the chain of title.
Bad news: This is the kind of smart contract I see blockchain handling well: locking people out of cars, houses, hotel rooms, over non-payment.
ed: heh. I have touched a sore spot, apparently.
- AckSyn 9y agoNo. Blockchain is an answer looking for a problem. We can't shoehorn it in everywhere for the sake of cool. People need to stop this "blockchain for everything" crap.
- Kpourdeilami 9y agoWhat would have blockchain solved in this case? IMO, nothing. If people don't read contracts written in English, how do you expect them to read and understand a smart contract that would contain the same clauses as the original contract but coded in a language they don't understand?
- Digory 9y agoIn this case, it appears the title had already passed to Grandma. A blockchain title could/should prevent Dealer from shutting down Grandma's car over Grandson's debt. If Grandson is right about the clause not appearing in the contract, of course, he'd be doubly good. To say it less flippantly, the low-hanging fruit in blockchain-assisted contracting seems to be these automatic self-help remedies and simplifying title disputes -- which, right now require judges and police for even simple disagreements. You'll have fewer wrong denials of access, but perhaps more denials overall.
- jimktrains2 9y agoBeing generous, I believe go meant to assume that the device would be programmed to disable itself once the contract is settled.