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Great. You've invented an expensive, badly performing database. Not only does the government have a verifiable way of associating a property with an owner and a
by ohgodplsno 5y ago
Great. You've invented an expensive, badly performing database. Not only does the government have a verifiable way of associating a property with an owner and a history of ownership already, now you're either exposing owners to have their names revealed publicly for eveyrone (People are willing to pay a lot to know who to threaten to steal/occupy a plot of land), or to just keep a shitty database.
And then, the owner gets no benefit from it either. In the case of sales, you're still going to go through the state to certify the sale (with an actual, physical person). In the case of terrain where ownership is still blurry (which is already the case in lots of places in Europe, so the absolute fucking mess in the rest of the world is just a nice wrench in your plans), you still need a physical person to look around and figure out who it belongs to for months, before making a decision. Your blockchain doesn't help.
Blockchains are shit, expensive databases, part 342
- Tenoke 5y ago>now you're either exposing owners to have their names revealed publicly for eveyrone (People are willing to pay a lot to know who to threaten to steal/occupy a plot of land) Land ownership is already public record in many jurisdictions including I'm guessing all of those now using blockchains.