3 ms·
In real world terms...I am currently in the process of closing on a property transaction. And, while it does take some time, I haven't seen anything during the
by awad 8y ago
In real world terms...I am currently in the process of closing on a property transaction. And, while it does take some time, I haven't seen anything during the process that was immediately made better by what 'blockchain' proponents purport to be better alternatives.
To be clear, there are certainly inefficiencies I have witnessed. I am just not clear as to how a blockchain solution, however you define it, helps.
- xmly 8y agoIt is transparent. If you make a transaction using paypal, you were told the money is transferred. But how do you know it is true? You have no way to verify it. Similar problem, facebook and google claim that they are only using the customers data for certain actions, but how do we verify? Blockchain only gives the possibility that the IT system could be transparent and verified by external parties. But Bitcoin blockchain is not the final solution. That is it.