weird@sub.wetshaving.social to memes@lemmy.world · 16 days agoBenefit of the hindsightimagemessage-square212linkfedilinkarrow-up12.19Karrow-down114
arrow-up12.18Karrow-down1imageBenefit of the hindsightweird@sub.wetshaving.social to memes@lemmy.world · 16 days agomessage-square212linkfedilink
minus-squareKnock_Knock_Lemmy_In@lemmy.worldcakelinkfedilinkarrow-up1arrow-down3·15 days agoThere’s not much difference between a government run land registry and a decentralized land registry
minus-squareSparroHawc@lemm.eelinkfedilinkarrow-up1·15 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.worldcakelinkfedilinkarrow-up1·15 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.