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What we're moving around on the blockchain, _fundamentally_ is liability. The blockchain is an accurate register of who's holding precisely which bag if somethi
by leashless 4y ago
What we're moving around on the blockchain, _fundamentally_ is liability. The blockchain is an accurate register of who's holding precisely which bag if something goes wrong. When money changes hands and the NFT moves, the risks move around - a new person is being protected, the new owner of the NFT.
There's a lot more to transacting property than title - condition of the place, planning permission, 50 other factors. All of that is being represented as claims, and liability if those claims are inaccurate.
Does that make it clearer?