[xur17]

I think we're both in agreement that a blockchain is just a glorified database. That said, there are advantages to a blockchain over a database:

With a database, you can only do what the county auditor (or equivalent) lets you do / what their ui lets you do. With a blockchain, you can build things on top of it, fractionalized ownership, simple transfers, etc. It's basically a permissionless database that anyone can build on top of vs a database shoved in a closet at the county auditors that you can only use via their api and ui.

[sudosysgen]

You're still limited by what the country will allow you to get enforced legally. So there is not really any advantage.