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How will any kind of blockchain used for real-estate be de-centralized? My guess is that it will be centralized. No government would give up that much control o
by test6554 9y ago
How will any kind of blockchain used for real-estate be de-centralized? My guess is that it will be centralized. No government would give up that much control over the property within its borders. Governments want authority to be the first to add property to the ledger to ensure it starts off in a valid state. Governments want to have the authority to seize property and enforce court decisions as well. People could get hacked and suddenly someone else owns their home, but with a centralized system, even if the government gets hacked and all property stolen, they simply fork off a previous block that was known to be valid and proceed as usual.