@[email protected] to [email protected] • 24 days agoBenefit of the hindsightsub.wetshaving.socialimagemessage-square209fedilinkarrow-up12.1K
arrow-up12.1KimageBenefit of the hindsightsub.wetshaving.social@[email protected] to [email protected] • 24 days agomessage-square209fedilink
minus-square@[email protected]linkfedilink1•23 days agoThere’s not much difference between a government run land registry and a decentralized land registry
minus-square@[email protected]linkfedilink1•23 days agoexcept that the government run land registry can deal with disputes in a flexible and fair manner. A blockchain with smart contracts cannot.
minus-square@[email protected]linkfedilink1•23 days agoEnforcement of ownership must be off chain. You can still have a disputes procedure using blockchain. What a smart contract registry allows is efficient notarisation of non-disputed ownership, which is 95% of the work.
There’s not much difference between a government run land registry and a decentralized land registry
except that the government run land registry can deal with disputes in a flexible and fair manner. A blockchain with smart contracts cannot.
Enforcement of ownership must be off chain. You can still have a disputes procedure using blockchain.
What a smart contract registry allows is efficient notarisation of non-disputed ownership, which is 95% of the work.