[capableweb]

For one, if I want to sell/give something to someone, I just transfer the NFT representing the agreement.

Imagine if you could transfer car ownership without having to deal with the government or anything else? Just a transaction away. If the seller/buyer also uses cryptocurrency, you could safely write a contract that swaps the funds for the NFT without any risk of either parties running away with both of them (funds and NFT).

[whateveracct]

> Imagine if you could transfer car ownership without having to deal with the government or anything else? Just a transaction away.

uh you still have to register with the government, for good reason. and that's not going away.

[capableweb]

Well, imagine the car maker when creating the car creates a NFT. At that point it's registered and government can read all the details from there.

When it reaches the reseller, it changes hands from the manufacturer to the dealer. Once the dealer sells it, it reaches the owner. At that point, government can still see all the details, transfers and more by just doing queries, instead of relying on people filling out forms.

Or am I missing what you mean?

[_jjkk]

Sure, it makes sense from an "imagine a world where..." perspective. Sounds convenient.

I'm looking at it from a "why would any government on Earth choose to use a 'decentralized' blockchain as a source of truth to keep track of property deeds in their jurisdictions" perspective.

[UncleMeat]

> Imagine if you could transfer car ownership without having to deal with the government or anything else?

Even if there wasn't any value in registering a car with the government, people buy how many cars in their lifetime? I expect that the number of cars that I'll ever sell in my life is less than ten. So this would save me like 30hrs in my entire life in DMV trips.

Maybe there is some utility here for dealerships who are dealing with a lot of government paperwork involving titles, but for a general population this seems like an incredibly tiny benefit.