| > So again, no I did not say that all data is stored somewhere else. This is splitting hairs. Actual data that is actually relevant to the property, is stored somewhere else. Which is ironic because elsewhere you stated: "but they no longer need to maintain their own database and IT application." Oh look. They have to maintain their own database for the actual data > The government would in this particular case. Not in this particular case. But in all cases. > Maybe in other cases it would be a company So. You need central entities to verify and enforce rights to physical objects. You need central entities to store the actual data pertaining to objects and people. So the point of blockchain in all this is...? |
Public permissionless blockchains help in easing the verifiability of ownership records, transfer of ownership records, and auditability of transactions. In the digital goods you don't necessarily have to rely on a single third party like a government. Checkout Chia offer files (https://chialisp.com/offers/) for an example of this. You can post these offer files on Twitter, forums, text messages, emails, etc.