weird@sub.wetshaving.social to memes@lemmy.world · 2 months agoBenefit of the hindsightsub.wetshaving.socialimagemessage-square204linkfedilinkarrow-up12.21Karrow-down114cross-posted to: lemmydirectory@lemmy.dbzer0.comanticorporate@lemmy.giftedmc.combuttcoin@lemmy.world
arrow-up12.2Karrow-down1imageBenefit of the hindsightsub.wetshaving.socialweird@sub.wetshaving.social to memes@lemmy.world · 2 months agomessage-square204linkfedilinkcross-posted to: lemmydirectory@lemmy.dbzer0.comanticorporate@lemmy.giftedmc.combuttcoin@lemmy.world
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up1arrow-down3·2 months agoThere’s not much difference between a government run land registry and a decentralized land registry
minus-squareSparroHawc@lemm.eelinkfedilinkarrow-up1·2 months 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-up1·2 months 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.