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I don’t think blockchain has much real world value in a legal sense. We’ve been running various pocs on it, with major and minor suppliers, crypto-people? (not
by moksly 5y ago
I don’t think blockchain has much real world value in a legal sense.
We’ve been running various pocs on it, with major and minor suppliers, crypto-people? (not sure what to call those techie/artist/idealists or what they call themselves) and the universities for the better part of two decades now in the European public sector. We’ve never been capable of finding a reason to use it. I do get the argument about stuff like land ownership in more corrupt countries, but you it still sort of turns into an utopian dream, because no-one in those regimes really care if you’re right. All the proof in the world doesn’t stop people with guns from taking your positions.
I think Maersk and it’s containershipping business, and it’s blockchain based proof of container authenticity is one of the few examples where the technology actually works better than anything else. And that’s mainly because Maersk itself is big enough, and has big enough legal support, to refuse containers that are tampered with. Sort of like the corrupt government situation, but inverse.
For finance it has no real value for legal purposes, again because trust is sort of worthless when your authorities aren’t with it. You can’t deny it’s “get rich quick” schemes of course, and it’s extremely valuable for white-washing money, dealing with black-Market goods and various forms of fraud. Which isn’t really value to dismiss, considering how big a GDP international crime has.
- dmitriid 5y ago> I think Maersk and it’s containershipping business, and it’s blockchain based proof of container authenticity Literally nothing in that project requires blockchain. And nothing that a blockchain has proves anything about a container's authenticity: it's a slow, inefficient database of the same data that has to be manually entered by multiple people in multiple places.