[ujal]

Sure, but not everyone has the privilege of living in a first world country. See for example the Republic of Georgia utilising blockchain tech to secure real estate transactions [0]. Now I am actually less afraid of investing my money as I don't trust their government.

[0] https://www.forbes.com/sites/laurashin/2017/02/07/the-first-...

[notyourday]

It uses a distributed public ledger, not bitcoin.

[ujal]

It does use bitcoin to verify the transactions. Point is, bitcoin - currently being the biggest blockchain deployed - is more trustworthy than most governments and therefore most currencies.

I am not an economist though and regulations seem to be necessary in the real world. Any ideas as to what technology, giving widespread adoption, would make them obsolete?

[notyourday]

If the claim is that the private data unrelated to bitcoin transactions is being published and verified on a bitcoin blockchain then this is a scam.

It is absolutely amazing that the person who wrote this article still has a title of a Senior Editor that claims to write on this topic.

[ujal]

It is possible to hash the data and make that hash part of the transaction [0].

[0] https://arxiv.org/abs/1502.04015

[notyourday]

That's not the application, however.