weird@sub.wetshaving.social to memes@lemmy.world · 20 days agoBenefit of the hindsightsub.wetshaving.socialimagemessage-square206linkfedilinkarrow-up12.14K
arrow-up12.14KimageBenefit of the hindsightsub.wetshaving.socialweird@sub.wetshaving.social to memes@lemmy.world · 20 days agomessage-square206linkfedilink
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up1·19 days agoThere’s not much difference between a government run land registry and a decentralized land registry
minus-squareSparroHawc@lemm.eelinkfedilinkarrow-up1·19 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-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up1·19 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.