Re:Digital coins may be on the verge of going mainstream
by miscreanity on Saturday August 05, 2017 @01:40AM
(#14934382)
Yes, there are challenges. That isn't to say now is when everything will happen but there is rapid progress being made toward that point, and pilot programs are moving forward.
Most municipalities have digital records available. It ought to take less time to translate those to blockchain records than the time it took for paper documents to be digitized.
As for the selection of blockchain, that's part of where the current speculative wave in the technology comes in. Competition will persist until there are only a handful of well-defined players, at which point it will be reasonable for governments to tie records to them. All it takes is time.
I've heard this one many times. Bu everyone now still has to agree to enter the transaction on some specific block chain. Even if you limit things to just the us. The issue isn't that we don't have the tech to have a national database. It's that the records are scattered all over dusty county and town clerks offices in thousands of jurisdictions for all sorts of historical and political reasons.