The advantage of the cross-blockchain protocol for public registries is that it can unite any number of existing ledgers in one ecosystem and does not need to upgrade the protocols of such blockchains.
The resulting representation of the collected tokens is a logical superstructure across many blockchains - the public registry.
Blockchain should be one of the technologies, and relying on it will be as equally wrong as using central server systems; there must be a variety of technologies simultaneously - because competition leads to progress.
Developers can create blockchain agnostic applications, and their users will be free to choose any blockchain in such a bundle or transfer their assets from ledger to ledger if one does not suit their purposes.
Blockchain technology is the perfect solution to develop a new generation of PKIs.
Credible public blockchains provide immutable ledgers, which, contrary to traditionally state-owned property registries, enable users to perform peer-to-peer transactions.
Blockchains do not require any public agency to maintain the infrastructure, as public ledgers are self-governed.
The shift will happen when the government that wants to benefit from innovations recognizes the right of citizens to choose between a traditional registry and a blockchain, and it is a fundamental right for the decentralization of governance.
This is part three of a three-part series on the theory of title token - read part one on the blockchain estate registry here, and part two on cross-blockchain protocol and smart laws here.
Oleksii has been collaborating with the RMIT University Blockchain Innovation Hub, researching the use of blockchain technology for e-governance and e-democracy.
Title Token for Blockchain Estate Registry, Part 3
Published on Aug 8, 2020
by Cointele | Published on Coinage
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