Yeah, doesn't even make sense for something like this to be decentralized, it should be run by Rolex so they can catch edge cases and correct them by fiat
Yup. If your father dies, and leaves you a Rolex, but does make a way to give you access to the keys to the nft, would the Rolex stop being authentic?
When we are talking about digital proof of ownership of physical goods, any solution that can fail synchronization of the record due to entirely foreseeable events like death, ownership disputes, etc is a failed solution.
Good remark. I think it is simpler to just use a public blockchain that having Rolex properly build "open" cloud services to do that and maintain it themselves over the long run.
Software engineers forget that the general public isn't capable of or willing to generate a private key and keep it secure for the long term. It's a deal breaker. Crypto isn't the answer.
It's also over engineering. A serial number and a registration process can go a long way.