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While I am not sure it provides enough real benefits 'does not allow it in any way' is clearly wrong. A company can decide that they acknowledge ownership based
by Tenoke 5y ago
While I am not sure it provides enough real benefits 'does not allow it in any way' is clearly wrong. A company can decide that they acknowledge ownership based on whatever entry they originally put on the blockchain (with or without the ability for a user to trade it), perhaps tied to a private key built into the device or belonging to the user (but then there's a risk they lose their key).
- root_axis 5y agoThe private key is what accomplishes what you're describing, not the blockchain.
- Tenoke 5y agoPrivate key on its own doesn't provide things like history of trades. And at any rate, you said it 'does not allow it'.
- root_axis 5y agoA blockchain does not provide a "history of trades", the blockchain oracle does, there is no need to add a blockchain into the mix since you already have to trust the centralized oracle (in this case, Apple).