> Ideally government administered, but if we can't have that then maybe a distributed ledger would do the trick.
The problem is that it has to be government administered because otherwise you’re constantly stuck with the risk that what you see won’t survive a legal challenge. This is a constant problem for ledgers because the sales pitch is about being “trust less” or distributed in some sense that everyone can participate, but making them work is an exercise in picking which third-parties you trust to settle disputes. For the most important things, that usually means the government unless part of their authority has been delegated to a private entity.
Yeah, a distributed ledger for managing property ownership would be pretty borked with no authority to revert thefts, enforce legal orders, etc.
It might be an effective way to get buy in from the government if they don't have to manage much infrastructure, if they still get the (literal?) keys to intervene in things. That would require them to have the basic competency to manage their own access, though.
The problem is that it has to be government administered because otherwise you’re constantly stuck with the risk that what you see won’t survive a legal challenge. This is a constant problem for ledgers because the sales pitch is about being “trust less” or distributed in some sense that everyone can participate, but making them work is an exercise in picking which third-parties you trust to settle disputes. For the most important things, that usually means the government unless part of their authority has been delegated to a private entity.