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it would be really cool to be able to verify the ownership of any property on earth by checking Bitcoin or Eth block chain, but there would have to be a way to
by solotronics 8y ago
it would be really cool to be able to verify the ownership of any property on earth by checking Bitcoin or Eth block chain, but there would have to be a way to have authority unanimously change the record.
- darawk 8y agoPerhaps a solution to that might be to give the government the authority to relabel a token. That is, every property is represented by a unique transferable token. However, the ledger that says which token represents which property is maintained by the government, centrally. Under ordinary circumstances, this ledger is not consulted/used but when say, someone has their property seized by a court, it might be.
- danans 8y agoBeyond curiosity, what practical purpose would such a tool serve vs other methods of verifying assets?
- solotronics 8y agoby signing with a keypair you could prove to anyone online you owned something. to list a house or get a loan or mortgage you could use this. a really neat case for this would be lost items. if each cellphone had its IMEI and your keypair associated you could prove you owned something lost. or if found someone could look you up to return it. you could buy a game or software once and never have to worry about a serial key.
- jonhendry18 8y agoSo how many copies of this enormous blockchain would there be in the world?
- kvakva 8y agoYou can do this now, by having centralized state based repository with API. Estonia might have something like this already.
- madeofpalk 8y agoI haven't worried about serial keys in years. Didn't need blockchain for that.