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The idea is not that people have their own keys to transfer ownership. The idea is for the registrar have the keys, but not be able to change ownership without
by DennisP 5y ago
The idea is not that people have their own keys to transfer ownership. The idea is for the registrar have the keys, but not be able to change ownership without public documentation. And there's a big gap between corrupt officials and roving militias.
Here are two more recent articles from The Economist, the first on the general problem (not all of which can be solved with a blockchain) and the second specifically on applying blockchains to the problem.
https://archive.md/9afqO https://archive.md/9afqO
https://archive.md/yetMv https://archive.md/yetMv
And if you don't mind a link from Reason, here's one with a specific example of the issue I'm talking about:
> Currently, Honduras stores its title records in a room at the bottom of "dusty stairs" in a "nasty old government building," Factom CEO Peter Kirby said in an interview last year with Reason. Until recently, the room had no door.
> "Anybody could go in, pull down a book, open up the spine, and replace a title record with a new title record," Kirby said. Some government bureaucrats have altered the records to assign themselves beachfront property.
https://reason.com/2016/04/30/bitfury-desoto-blockchain-land-registry/ https://reason.com/2016/04/30/bitfury-desoto-blockchain-land...