Everyone talks about cryptocurrecny and smart contracts. There is a TON of ICOs out there and most are using Smart Contracts. What nobody (the guy in this video included) has bothered to explain or even acknowledge is how all this blends with the real world factors. He talks about a property having all info in the block chain...deeds, history etc...WHO IS GOING TO PUT THAT INFORMATION IN THE BLOCKCHAIN? How does the Real World ENTER the blockchain/smart contract concept? This is impossible to happen UNLESS all of the various institutions holding the property info, freely provide access to their DBs so the BlockChain can access it and verify. If I am wrong in my thinking, please, someone correct me!
You are viewing a single comment's thread from: