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Again, the benefit is not that the system is impossible to exploit in some way, the main benefit is that these actions are all recorded transparently, so you ca
by fastball 5y ago
Again, the benefit is not that the system is impossible to exploit in some way, the main benefit is that these actions are all recorded transparently, so you can have a complete picture of what exactly happened. That seems better than a database which at a fundamental level cannot have immutable guarantees.
- vel0city 5y agoIn at least many places in the US land ownership is transparent. If you know a parcel of land you can search the county records office's website and find out who owns it. It doesn't take a blockchain to make a dataset public.
- Arelius 5y agoYou can have the advantages of a publicly verifiable blockchain without the hassle of distributed consensus if you have a trusted entity that can perform consensus. QLDB is a corporate owned example, no reason the government can't do the same thing.