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How is this not a problem if the court system is filled to the brim with situation that could have been solved with smart contracts in place. As for the yacht
by easymodex 8y ago
How is this not a problem if the court system is filled to the brim with situation that could have been solved with smart contracts in place.
As for the yacht it's easy, the ownership is transfered from your address to the buyers address on the government's blockchain. :)
- Moodles 8y agohey everyone lets record every transaction from everyone on a big government database so we can solve trade disputes if someone steals my yacht and crashes it.
- the_snooze 8y agoLet's say I'm the buyer and this happens. There's now a record on the government blockchain that says I own a yacht. Does that mean I physically have possession of the yacht now? How do we assure that what's in the blockchain is an accurate reflection of who actually has physical possession of the boat?