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Please do list a couple of useful solutions where blockchain is the right/better tool for the jobs and thats outside of crypto coins or secondary layer of payme
by scient 8y ago
Please do list a couple of useful solutions where blockchain is the right/better tool for the jobs and thats outside of crypto coins or secondary layer of payment abstraction (and even there any payment option could work better in a lot of the cases).
- m0llusk 8y agoProperty title insurance is a great example. With blockchains it should be possible to reveal the owners of all properties and all transactions in order to remove ambiguity from the system. It is true that constructing and making use of such data implies trust in some sort of organization or process, but a robust store of ownership data is currently beyond keeping of property title records as currently performed by entrusted government entities.
- cleong 8y agoWhy would this work better? Not to be cynical but it seems from a engineering perspective that the trade off is security for data robustness? Anyone who takes control of the network will take control of all property title insurance data. In return at least i know up time will be 100%...