a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by wasoxygen
wasoxygen  ·  1254 days ago  ·  link  ·    ·  parent  ·  post: Blockchain, the amazing solution for almost nothing

More on the implementation details: that pilot project relied on Propy to record the deed on the Ethereum blockchain. Propy makes a public blockchain record of the transaction and also keeps copies of the documentation in their "secure network," and they "are accessible only by parties involved in the transaction" so in this case there's still a trust bottleneck. Putting more of the information into the public blockchain might reduce the need for trust but also reduce privacy for the people in the transaction. Everything is a tradeoff.