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Maybe currency is not the best use case for blockchains. But what about the services provided by Notaries? land registries and other necessarily robust and tr
by bsedlm 4y ago
Maybe currency is not the best use case for blockchains.
But what about the services provided by Notaries?
land registries and other necessarily robust and trustworthy transactions that aren't ever going to happen at a high-volume?
- Ensorceled 4y agoWhat issues with land registries are solved by blockchain technologies? And are those issues actually bad enough that you would accept the new issues introduced by blockchain technologies? I'm imagining my property becoming forever "unowned" because some real estate lawyer lost their escrow wallet key.
- bsedlm 4y agocorruption. maybe not a problem in your own country.
- deleted 4y ago[deleted]
- zamadatix 4y agoTechnically sure, in practice dunno. You have to have a group of people that all agree the blockchain is the controlling entity for land registries instead of their regional government which probably has better laws and dispute resolution procedures built in. You'd also have to find a way to actually run the blockchain that is both robust and trustworthy even though it's low volume but high value transactions. At that point you might be onto something but you still have yet to sell to everyone why it's worth switching to just because it's technically possible.
- aaronax 4y agoThere is no way to link "ownership" of a physical asset to a blockchain, other than a trusted third party who ultimately has use of force as an enforcement method.