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Yes but with the difference that without blockchain the corporations bank will then do the deed and push the money back on court order. And if not possible the
by zaarn 8y ago
Yes but with the difference that without blockchain the corporations bank will then do the deed and push the money back on court order. And if not possible the company will (to my knowledge in german legal code) be dissolved, assets sold and the profits go to the other side until the damage is covered, which is usually not the case and the winning party still looses money.
With blockchain there is no bank and if the company doesn't want to, the next option is nuclear as above.
With blockchain there is no way for the party to obtain what is rightfully theirs other than to nuclearize the other party.
Without there are options because banks and other intermediaries can intervene and correct.
- mcguire 8y agoWell, the blockchain computors could fork the blockchain, no? Not that that is much better or more likely. And if the ownership of the assets is recorded on the blockchain...
- zaarn 8y agoBut if you just fork the blockchain over legal disputes... what have you gained over not having a blockchain? Blockchain removes all the nice stuff we have in our legal system to deal with disputes. Why put it back in? What does that gain us?