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>>Rolex issue a PGP signed CSV of all valid Rolex serial numbers once a month on IPFS and you'd get the exact same security and trust profile without having to
by CryptoPunk 5y ago
>>Rolex issue a PGP signed CSV of all valid Rolex serial numbers once a month on IPFS and you'd get the exact same security and trust profile without having to involve any "web3" feature?
This doesn't enable real-time transfers of NFTs.
Ideally, the blockchain allows the NFTs to be traded without Rolex relying on another company acting as a trusted third party platform keeping track of ownership, or Rolex itself running its own transaction database. The blockchain is a common open platform for transactions, and that's useful.
- tsimionescu 5y agoThe NFTs are useless. The watches - the thing people care about - can still be traded without relying on Rolex or any other company.
- CryptoPunk 5y agoThat's a different topic. I was addressing why Rolex might prefer a blockchain ledger over their own internal one.