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> I'd disagree; having an immutable record of ownership is valuable; especially so in countries where a centralized institution may not be trustworthy. The ide
by AlexandrB 4y ago
> I'd disagree; having an immutable record of ownership is valuable; especially so in countries where a centralized institution may not be trustworthy.
The idea that the blockchain can save you in this situation seems like pure fantasy to me. A record of ownership is only useful if the government is willing to enforce it. Otherwise it's not worth the paper/bits it's written on.
> For titles on homes which are subject to liens, it would be a great consumer benefit to be able to access this information without paying several hundred dollars for a title search.
This is useful, but doesn't require blockchain at all. Just a public API/database and a set of legislation that would force use of said API. A blockchain would require the same legislation anyways to ensure completeness.