3 ms·

Can you give me an example?

• mhluongo 8y ago
  Anything involving a clearing house.
  • madeofpalk 8y ago
    What about all the existing clearing houses we have today? How have they managed to survive without Blockchain? Again. What specific problem does Blockchain solve?
  • endlessvoid94 8y ago
    Such as?
    • vntok 8y ago
      I gave you a few specific examples earlier in the thread: - Art transactions: registry of origin and property transfers for any object (with authenticated certificate), currently done by lawyers & auction houses (costly, inefficient, painful, near-impossible in some cases involving war/expropriation because records were destroyed at some point) - International shipping: INCOTERMS, currently handled through various specialized intermediaries (costly, inefficient, painful) - Registry of operations over the life of a company (creation/address change/acquisitions/foreclosure), currently done by national commerce courts & accredited local newspapers (costly, inefficient, painful) - Wills: self-authentication of one's will preventing repudiation attempts by third parties, currently done by lawyers and witnesses (costly, inefficient, painful) - Escrow accounts for service providers (ex freelancers) through multisig wallets, currently done by intermediary platforms (costly, inefficient)
      • 0x006A 8y ago
        how would any of those problems be solved with a blockchain? you are taking about real world things and actors that need to be matched to something on a blockchain. don't see how you get around that part and that is the costly, inefficient and painful one. not the ledger.