ABSTRACT
… This article concludes that the blockchain concept is, at heart, no more than a medium for transfer of value without third-party intervention. It undoubtedly has its uses, but it is unsuited for transactions of many high-value or unique assets that do not have a limited shelf life. The blockchain construct (at least in terms of what is called its ‘coloured coin’ application) fails to address issues such as the need for independent third-party verification and control of transactions …
Thomas, Rod, Blockchain’s Unsuitability for Real Property Transactions (January 13, 2019).
First posted 2019-01-25 06:57:03
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