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To be fair there is also nothing that really connects this piece of paper which is the title of my car to my car. This application of blockchain seems to be on
by sumtechguy 5y ago
To be fair there is also nothing that really connects this piece of paper which is the title of my car to my car.
This application of blockchain seems to be only creating a chain of ownership. Which we already sort of have now with many things. It does not seem to bring many better properties with it other than one I can think of. That property is that it makes it harder to forge ownership.
The weird thing is coming from people creating NFT's for things that are basically not worth tracking who owns it. Then others buying that thing at a wildly overinflated price (which many digital easily copied goods fall into).