I have read it. It's just the fallacy so many in crypto space fall for. Who would prevent anyone from putting a faked land ownership deed or a dubious education institution's certificates on the blockchain.
And for the education records, they plan to start it from the very beginning, which means from the day they enrolled as student, which means every grades and performance will be recorded, which means they can not just fake the certificate if the overal performance does not reflect the grade unless the actor is prepared to input fake record for years after years which in reality almost impossible and they can track down who's been doing it.????????
If you read it, you will understand that the father of the author and their friends were the first legal owner of the land, so that means once they have the legal ownership certificate and stored on blockchain with all the right information, ie: address, dates, names of previous owner and name of new owners, the name of local officials who approved the transaction will all be recorded on blockchain. So nobody can at later date put another fake land certificate on blockchain and if someone does that, everyone can see that the author dad and his friends were the first one to buy and they all can track down all the actors and do thorough investigation to find out which one is real and which one is fake and it can be concluded very quickly in the court cos all the information is stored on blockchain permanently and we all know lots of information must be recorded in property transaction.
I have read it. It's just the fallacy so many in crypto space fall for. Who would prevent anyone from putting a faked land ownership deed or a dubious education institution's certificates on the blockchain.
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For the fake land ownership, they can only do it once though, so they can't keep re-selling it
And for the education records, they plan to start it from the very beginning, which means from the day they enrolled as student, which means every grades and performance will be recorded, which means they can not just fake the certificate if the overal performance does not reflect the grade unless the actor is prepared to input fake record for years after years which in reality almost impossible and they can track down who's been doing it.????????
If you read it, you will understand that the father of the author and their friends were the first legal owner of the land, so that means once they have the legal ownership certificate and stored on blockchain with all the right information, ie: address, dates, names of previous owner and name of new owners, the name of local officials who approved the transaction will all be recorded on blockchain. So nobody can at later date put another fake land certificate on blockchain and if someone does that, everyone can see that the author dad and his friends were the first one to buy and they all can track down all the actors and do thorough investigation to find out which one is real and which one is fake and it can be concluded very quickly in the court cos all the information is stored on blockchain permanently and we all know lots of information must be recorded in property transaction.