weird@sub.wetshaving.social to memes@lemmy.world · 1 year agoBenefit of the hindsightimagemessage-square194linkfedilinkarrow-up12.25Karrow-down115cross-posted to: Memes@lemmy.dbzer0.com
arrow-up12.24Karrow-down1imageBenefit of the hindsightweird@sub.wetshaving.social to memes@lemmy.world · 1 year agomessage-square194linkfedilinkcross-posted to: Memes@lemmy.dbzer0.com
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up2arrow-down3·1 year agoThere’s not much difference between a government run land registry and a decentralized land registry
minus-squareSparroHawc@lemm.eelinkfedilinkarrow-up2·1 year 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-up2·1 year 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.