| > Of course it doesn't eliminate the need. Who's going to enter those records and enforce them? The staff still does what they do today, but they no longer need to maintain their own database and IT application. > Just because it's on blockchain doesn't mean it's standardised, or interoperable. Once it is on a blockchain it is conforming to a published standard for NFTs for that particular blockchain and others can interact with it and build additional systems that interoperate more easily. > Yup. Until a corrupt government official puts his friend as the owner of your house and evicts you. Look, the proof is in the blockchain, and it's irrefutable, and cannot be amended. Because corrupt government officials have never doctored official records that weren't on the blockchain? > This is just a string off made-up terms that make no sense No, it's not. A Dapp stands for a "decentralized application" and posting property deeds as collateral is a real thing. Further, being able to do that digitally will likely lower processing costs. |
That's a very minor thing to maintain as compared to the multiple issues that blockchains bring into the mix.
And of course they will need to maintain an IT application: they will need secure wallet implementations, data entry applications to interact with blockchains, security audits for the shitty programs people keep calling "smart contracts" etc.
> Once it is on a blockchain it is conforming to a published standard for NFTs
Ah yes. It automagically conforms to some standard. Just because it's on blockchain.
> Because corrupt government officials have never doctored official records that weren't on the blockchain?
And how is blockchain helping you in this case? Or in the cases I linked: https://news.ycombinator.com/item?id=27212564 and that you even failed to understand.