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> Shermin Voshmgir writes that blockchain “introduces a governance layer that runs on top of the current internet, that allows for two people who do not know or
by brabel 6y ago
> Shermin Voshmgir writes that blockchain “introduces a governance layer that runs on top of the current internet, that allows for two people who do not know or trust each other to reach and settle agreements over the web.”
It allows them to transfer crypto coins between them, but you still have the problem of actually delivering something phisically if it's a physical purchase, and blockchain will not help with that at all... if you settle the transfer when the purchase if agreed upon, the buyer takes a big risk as nothing forces the seller to actually ship. If the settlement is delayed until the buyer confirms delivery, then the buyer takes all the risk as the buyer may choose to not confirm the transaction. Is there anything in blockchain that allows you to solve this problem?
- amanaplanacanal 6y agoSome sort of escrow layer? Out in the real world you would use a trusted third party for that.
- bodski 6y agoIt might be worth taking a look at Mattereum [0] as an example of work in this area. Much of their work has been on how to make smart-contract based 'ownership tokens' (akin to NFTs) enforceable in existing courts in as many global jurisdictions as possible. They believe that they've found a way to make their arbitration system enforceable "in 150+ countries via the 1958 New York Arbitration Convention" [1]. Vinay Gupta ('hexayurt' on HN [2]) is co-founder and CEO and may be able to enlighten further. [0] https://mattereum.com/ https://mattereum.com/ [1] https://mattereum.com/2021/04/01/mattereum-product-walkthrough/#map https://mattereum.com/2021/04/01/mattereum-product-walkthrou... [2] https://news.ycombinator.com/user?id=hexayurt https://news.ycombinator.com/user?id=hexayurt | https://twitter.com/leashless https://twitter.com/leashless