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Sure, but not everyone has the privilege of living in a first world country. See for example the Republic of Georgia utilising blockchain tech to secure real es
by ujal 9y ago
Sure, but not everyone has the privilege of living in a first world country. See for example the Republic of Georgia utilising blockchain tech to secure real estate transactions [0]. Now I am actually less afraid of investing my money as I don't trust their government.
[0] https://www.forbes.com/sites/laurashin/2017/02/07/the-first-government-to-secure-land-titles-on-the-bitcoin-blockchain-expands-project https://www.forbes.com/sites/laurashin/2017/02/07/the-first-...
- notyourday 9y agoIt uses a distributed public ledger, not bitcoin.
- ujal 9y agoIt does use bitcoin to verify the transactions. Point is, bitcoin - currently being the biggest blockchain deployed - is more trustworthy than most governments and therefore most currencies. I am not an economist though and regulations seem to be necessary in the real world. Any ideas as to what technology, giving widespread adoption, would make them obsolete?
- notyourday 9y agoIf the claim is that the private data unrelated to bitcoin transactions is being published and verified on a bitcoin blockchain then this is a scam. It is absolutely amazing that the person who wrote this article still has a title of a Senior Editor that claims to write on this topic.
- ujal 9y agoIt is possible to hash the data and make that hash part of the transaction [0]. [0] https://arxiv.org/abs/1502.04015 https://arxiv.org/abs/1502.04015
- notyourday 9y agoThat's not the application, however.