• upto60percentoff@kbin.run
    41·
    4 months ago

    A distributed pseudonymous ledger for use by a centralised authority that will hold sensitive, personal information.

    I think the paper was right.

  • daniskarma@lemmy.dbzer0.com
    12·
    4 months ago

    Is it Blockchain based though?

    It is a shitty porn passport, I’m Spanish, but I didn’t hear that it was Blockchain based.

    Why? It needs a centrar register not an uncentralized one.

  • Todd Bonzalez@lemm.ee
    71·
    4 months ago

    Guy who wrote a paper about Blockchain doesn’t know the difference between a “digital wallet” and Blockchain…

  • djreefa@lemmy.mlEnglish
    1·
    4 months ago

    HA! you think the pentagon is in control? You think the people responsible for this debacle are actually following orders? These are all absconders and expats who are doing all this garbage. Pentagon is seemingly powerless to stop them.

  • Nougat@fedia.io
    32·
    4 months ago

    One of the things blockchain could do is become a digital proof of ownership, augmenting or replacing things like property deeds and car titles. We already agree that a written record of ownership of such things is legally binding (even if the writing is stored digitally), but transfer of that ownership to another person is still a very manual process. Imagine an NFT that represents ownership of your house, and when you want to sell your house, you transfer that NFT to someone else’s custody - adding their ownership information to it. It would record the entire chain of ownership, and specific details about the piece of property involved.

    • 4am@lemm.ee
      5·
      4 months ago

      And who would the largest nodes on that blockchain be? The banks? Who could say and do whatever they conspired since they command >50% of the computing power and/or value?

      The average person isn’t going to build a fucking blockchain node just to keep the deed to their house.

      “Grandma, please you need to fill your basement with these ASICs or else script kiddies will steal your house”

      • Nougat@fedia.io
        23·
        4 months ago

        That’s not how that works.

        NFT is issued determining ownership to a property. Property sells, another NFT is issued, tied to the original one to maintain a chain of ownership. Issuance of a second NFT for a sale to a new owner would depend on authorization by the previous NFT holder. Lienholder information could also be stored, and linked to a mortgage NFT with payment history.

        The “NF” part of that stands for “non-fungible.” As in, once created, cannot be changed.