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This (to my read) handles the self-auditing aspect, but how would you handle the need for the central database to be hosted "somewhere?" Not challenging your c
by tldrthelaw 5y ago
This (to my read) handles the self-auditing aspect, but how would you handle the need for the central database to be hosted "somewhere?"
Not challenging your conclusion, just asking.
- speedgoose 5y agoSome international agency could take care of hosting the database. You would need some kind of trusted international agency anyway for such a project, the way the database works is a technical detail that is not super important IMHO. You don't fix such a problem with a blockchain database and a website.
- tldrthelaw 5y agoYeah I get your point. I'd note though that in policy often times it is less about the realities of a project and more about how that project can be sold. While it is certainly true that this should be handled at an international/community level, it often just isn't. Selling the idea of solving indirect (VAT or sales) tax fraud through invoice matching and handling cross border trades while simultaneously not needing one state to trust another (even if that isn't strictly and in all instances true) can be a powerful pitch.