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The information is not guaranteed to be true, it is guaranteed not to have been adultered after the write. The blockchain by itself can't verify the information
by _nalply 9y ago
The information is not guaranteed to be true, it is guaranteed not to have been adultered after the write. The blockchain by itself can't verify the information it gets. After all no blockchain robot looks at your ID card.
- matte_black 9y agoHmm, that’s true I guess. I’m not sure how you would verify truth, but at least knowing it hasn’t been altered is halfway toward solving the problem.
- _nalply 9y agoYou could try to design the system that it is in the best self-interest of parties creating records to be truthful. An example is Bitcoin. It is in your best interest not to spend too much. Spend exactly the amount required, not more, and you are done.