3 ms·
This thinking might be fine with the Mona Lisa. But what about regular people and the poor? This is what btc/blockchain really helps. In the USA the USD$ is sup
by chemmail 5y ago
This thinking might be fine with the Mona Lisa. But what about regular people and the poor? This is what btc/blockchain really helps. In the USA the USD$ is supreme, so you can easily discount about of crypto as a scam. But in most places in the world their government fiat is the scam.
Back to ownership of physical on the blockchain. It can help for many physical items such as property to have the ownership easily accessible and hard to refute. In the USA again it is very easy to look up as it is mostly public record. If we go into something like a vehicle, a blockchain system may help. Current inventory control and shipping inventory control is also due for a massive overhaul. I work at a large supplier and everytime we order something from China, there is always something missing. These are usually full shipping containers. There is tons of back and forth and eventually many hours are wasted to negotiate what is suppose to happen because every party says it was the other side that owes whatevers.