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RE: Japan to Trial Blockchain Technology for Real Estate Records

in #bitcoin7 years ago

I hope they will make this open source. There are quite a few questions on applying blockchain on Real Estate, especially questions as to:

  • who will govern the blockchain (decentralised possible?)
  • who is to blame if things go wrong?
  • are transactions immutable?
  • who applies changes or corrects errors in the registration/blockchain?
  • aren't there easier solutions (normal ' digitalisation')?
  • how will stamp duties be collected and paid (expecially if there is no flat tax applicable)?

What is a feature for some crypto applications, is a bug for others.

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