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So, let's say I pay you 200 ETH and get an NFT signifying ownership of a flat in downtown Kinshasa. I fly to Kinshasa, find the key as you have described, start
by jgilias 5y ago
So, let's say I pay you 200 ETH and get an NFT signifying ownership of a flat in downtown Kinshasa. I fly to Kinshasa, find the key as you have described, start living in the flat. A year later as I come home I find that the key has been changed and someone else has moved in. They present a purchase agreement, as well as a deed.
What happens next?
- gandutraveler 5y agoExactly, the whole web3 blockchain movement seems to assume these contracts are legally binding in real world. For that to happen the same 'untrustworthy' government authority will have to trust the decentralized contracts on internet.