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As to #3 cutting out the middle man...how about in the case of corporate stock ledgers and how the market currently works with brokers, stock trusts and stock c

As to #3 cutting out the middle man...how about in the case of corporate stock ledgers and how the market currently works with brokers, stock trusts and stock custodians? For example in the Dole case which showed even a publicly traded company when scruntized has issued nearly 30% more shares than there was outstanding. If instead of the current system with brokers, stock trusts, stock custodians a corporation used Blockchain for issuance of stock, such an error could never happen right? Just in case you aren’t familiar with the Dole case it’s pretty famous, even the Delaware Court of Chancery Judge said Blockchain would have prevented this issue, which is likely wide spread in all publicly traded companies.https://www.google.com/amp/s/www.nytimes.com/2017/03/21/business/dealbook/dole-case-illustrates-problems-in-shareholder-system.amp.html https://www.google.com/amp/s/www.nytimes.com/2017/03/21/busi...

mechagodzilla 8y ago
It sounds like any centralized database to track ownership of shares would solve this though, and then you wouldn’t require third party proof of work or run the risk of losing your shares when your usb flash drive breaks
- will_brown 8y ago
  Most all public traded shares exist in the form of digital shares in a database/databases. I agree that Blockchain is more often in search of a problem. But in the case of publicly traded shares, where the current system is broken (like the Dole case and others have shown double spend is real in Billion dollar publicly traded companies) and there are multiple expensive middlemen, p2p/immutable shares sound like a winner.
tim333 8y ago
The Dole case doesn't seem to have been an admin error so much as short sellers who borrowed Dole stock and then sold it and then defaulted on paying back what they borrowed. Probably more an issue with the borrowing / lending regs than the admin.

mechagodzilla 8y ago

It sounds like any centralized database to track ownership of shares would solve this though, and then you wouldn’t require third party proof of work or run the risk of losing your shares when your usb flash drive breaks

will_brown 8y ago
Most all public traded shares exist in the form of digital shares in a database/databases. I agree that Blockchain is more often in search of a problem. But in the case of publicly traded shares, where the current system is broken (like the Dole case and others have shown double spend is real in Billion dollar publicly traded companies) and there are multiple expensive middlemen, p2p/immutable shares sound like a winner.

tim333 8y ago

The Dole case doesn't seem to have been an admin error so much as short sellers who borrowed Dole stock and then sold it and then defaulted on paying back what they borrowed. Probably more an issue with the borrowing / lending regs than the admin.