RE: Steemit Crypto Academy Contest / S2W3 - Blockchain in our lives by @iamchukwudi
Using real estate as an example, if the records of a particular property are stored on the blockchain, it could be easier to track its ownership
More like an NFT right. This will definitely stop a lot of people from selling fake lands to people and others to from encroaching the spaces of others.
Blockchain
The blockchain makes a lot of sense and is useful in a lot of ways. For starters, it is a distributed storage system which will mean cheaper
Yes but the problem with this is that implementation of the blockchain doesn’t come at a cheap cost .
One problem with the blockchain is that it gives no room for error
Yep as much as we might hate this sometimes, it helps in some cases too. This means that figures cannot be manipulated by people once they are stored or entered into the blockchain.
So true. I just came to realize that it's cheap for users and consumers but not so for implementers.
Infrastructural cost can run into serious sums, though since it's shared/decentralised, few times the cost may be spread out.
Thanks for pointing out.