I have yet to see anything legal which actually benefits from a blockchain (and isn’t about the blockchain stuff itself, like trading crypto currencies).
Previously this timestamping was accredited by notaries. This had the problems of cost and the trust in a notary did not translate well internationally.
Now it is almost free to do and the cost of manipulating a blockchain (if possible at all) far outweighs the potential gain from malice.
I have yet to see anything legal which actually benefits from a blockchain (and isn’t about the blockchain stuff itself, like trading crypto currencies).
You won’t. Quote me on it.
I’ve been working with a company that uses a very common blockchain to timestamp documents/artwork/data etc.
It’s a niche use case but it simply couldn’t be done before the existance of blockchains.
Could you elaborate why a blockchain is beneficial here? The use case “timestamp documents/artwork/data” does not call for a blockchain to me.
Previously this timestamping was accredited by notaries. This had the problems of cost and the trust in a notary did not translate well internationally.
Now it is almost free to do and the cost of manipulating a blockchain (if possible at all) far outweighs the potential gain from malice.