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How could blockchain verify anything physical?

• HashBasher 4y ago
  It can't.
• georgeplusplus 4y ago
  I'm not talking about physical verification but the idea that having a public ledger of each countries gold would add transparency. Whenever gold is moved it would be reflected on the ledger for all other central banks to see. The problem with the gold standard era was countries, particularly the USA, claiming it had a lot more gold than it did and you just had to take them at their word. It wasn't until Charles de Gaulle called them out and demanded the physical transfer.
  • Yoric 4y ago
    Not sure what a ledger would change to the problem.
  • CapstanRoller 4y ago
    Ledgers do not necessarily add transparency, because it's easy to document all sorts of fictitious transactions. What you really want are audits.