Is this gonna solve the US gambling embargo? Looks like there was a "coin poker" that came out 2 months ago? I imagine there are bookies that use the shit already, right?
This is fascinating - real estate transactions with ETH contracts. Read the comments where explains various aspects:
https://www.reddit.com/r/ethereum/comments/7p155y/i_just_warranty_deeded_my_house_into_an_ethereum/
Such a bad take.That seems like a pretty stupid idea, akin to Rocket Mortgage (hey we cratered the economy because of shitty mortgage underwriting, but let us underwrite yours in 30 seconds based off some inputs into a phone app!). For most people, buying a house is the biggest and most important purchase they will ever make. It is okay to slow down and take a few hours doing it to make sure it is done to correctly transfer ownership.
Think about the current process of land registry and ownership. It often entails long-term physical possession of a paper title, with risk of forged signatures, a faulty history of ownership, or duplicated or counterfeit records. Disputes over ownership often come down to to possession and evaluation of these paper certificates.
In the U.S., maybe? Definitely not in the majority of countries.All mostly solved with today's government e-databases.
In the U.S., maybe? Definitely not in the majority of countries.
I'm far from an expert on this but I know some of my colleagues are actively working with clients on the subject.
That's the thing with blockchain - you're often removing one central party's control / ownership of data.But that raises the question - do we want verification of our public record documents in the hands of a private company?
That's the thing with blockchain - you're often removing one central party's control / ownership of data.
A private company (or group of companies) would likely pay to operate the network, but they wouldn't have control or ownership of the records. You'd be able to verify with 100% certainty the life cycle of any digital asset (e.g., house title), without having to trust the a company is managing that data properly. It's origination, history and transfer of ownership, etc.
How so?And what if there are competing title blockchain companies? That sounds like a mess to have to manage.
Yep!One obvious kickass use I can see for blockchain is elections and electronic voting.
Yep!
Utah used it for their primaries: https://www.voanews.com/a/utah-gop-to-test-first-ever-statewide-online-voting-in-us-/3244447.html
Recent news from yesterday: https://www.coindesk.com/overstocks-medici-ventures-invests-in-blockchain-voting-startup/
And the opportunity is extremely relevant for developing countries where voter fraud is rampant.