4 ms·
Really? Describing an example of a fully automated process and then saying "that's blockchain"? All of that can be done without a blockchain (there are a myri
by leifg 5y ago
Really?
Describing an example of a fully automated process and then saying "that's blockchain"?
All of that can be done without a blockchain (there are a myriad of document management softwares for lawyers, financial advisors, property lenders etc... out there). The reason why they are not widely used have mostly non-technical reasons (clunky user interfaces, people not trusting technology, competition between vendors).
Of course it's not "centralized" but neither will it be if you build that on the blockchain. Because all these documents you need to provide: someone will have to read them and approve them. If your lender doesn't want to give you money for silly reasons, no amount of blockchain will solve that. Or are you telling me that the blockchain will read 135 pages of your documents, look at your bank account, verify that it is really you on that copy of your ID and in addition to that can properly identify a fake document from a real document?