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I see a point in trustless records of ownership. There is already a market for it in things like shipping, where transporting container ownership claims (a few
by eksemplar 9y ago
I see a point in trustless records of ownership. There is already a market for it in things like shipping, where transporting container ownership claims (a few pieces of paper) is more expensive than transporting the containers themselves.
There is also a huge potential in corruption rich governments, where proof of ownership can suddenly disappear. Though implementation may be hard. :)
Even in non (or ver little) corrupt countries like my own I see a point. Not so much because we need it right now, but because we might need it in the future.
Why wouldn’t you build your anti-corruption government tech while you have the chance because your political leadership and the bureaucrats aren’t yet going to have a vested interest in stopping it?
Maybe that’s a little pessimistic, and it’s certainly not how you should sell it, but it’s not like our current record keeping tech couldn’t need an overhaul anyway because it’s really, really, awful. Adding Blockchain tech to make it trustless wouldn’t be cost-inefficient if you’re down under the hood anyway.