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Instead of having to deal with chargebacks (on both your side, and from the business's side), the funds could hypothetically be kept in an escrow all within a s
by hw 9y ago
Instead of having to deal with chargebacks (on both your side, and from the business's side), the funds could hypothetically be kept in an escrow all within a smart contract on a blockchain, and only released when delivery is confirmed. The confirmation of delivery could also be tracked via blockchain, say by the delivery person scanning the package on a device at your door which then signs the transaction with your key and that gets put on the blockchain, which then gets verified and funds are released from the escrow.
I do think we're still a ways off before the blockchain actually gets mass adoption in terms of real world usage (instead of it being a speculative, get rich quick scheme that it is now to a lot of people)
- alextheparrot 9y agoI think the problem is there’s no good way of adding out of network data to the blockchain. Instead of not sending the package, they could just send me a package of rocks and the delivery guy is none the wiser.