Confusion about ownership applications / services on the blockchain

[piotrgal]

Hi,

There is lots of being said and created regarding securing various rights or ownerships with the block-chain technologies.
Technically it is brilliant, but I'm still confused about using this kind of things in "reality".

I mean, I can digitize my ownership or whatever and store it in the block-chain, but to be legally recognized, all the (for example) notary offices would have to accept such thing and so far I don't think it is the case...
If I really want to proof ownership, I still need the paper with stamps and all that legal stuff.
And the same with courts. We can keep creating those great block-chain services, but from legal point of view they mean nothing...

That's the "missing link" for me here.

What do you guys think?

[odolvlobo]

By itself, the Bitcoin block chain cannot prove ownership of anything other than bitcoins. However, it can prove the existence of something before a certain time, and that capability can be used as a notary.

[piotrgal]

Come on guys, anybody else?

BTW, the same applies to, for example, education / training certifications etc.
In order it to make sense, the "normal" institutions or companies would have to respect them, their administrations would have to respect them (from legality point of view), governments as well, and so on, and so on.
Basically, the "block-chained" certificates would need official, legal meaning.

Without all that, it's just a high tech toy...

[mkc]

I have an okay example. A person create a new design, paint a new painting, will take a picture, then mail it to self, the post stamp on the envelop will provide a time stamp acceptable by court. If there is copy right disagreement, the person will open the envelop in the court, the content will prove the person has the design in the date shown in envelop.

For the same token, blockchain will prove a person own something as of that time, if he can store the digital picture in the blockchain. This is doable. As matter of fact, some altcoin is making store extra information in blockchain super easy.

[piotrgal]

I have an okay example. A person create a new design, paint a new painting, will take a picture, then mail it to self, the post stamp on the envelop will provide a time stamp acceptable by court. If there is copy right disagreement, the person will open the envelop in the court, the content will prove the person has the design in the date shown in envelop.

For the same token, blockchain will prove a person own something as of that time, if he can store the digital picture in the blockchain. This is doable. As matter of fact, some altcoin is making store extra information in blockchain super easy.

But that's exactly the thing !

The trick with envelope and post does work, because post stamps are legally recognized and respected.
Imagine going to a court and showing what? a webpage of that [Suspicious link removed]pany? an application displaying something?
Even if that is absolutely true - how do you imagine the judges respecting the fact whether you show them on the screen that date your work was "stamped"?
So what?
For them it's just a webpage, or app, whatever, one of millions...

Do you get what I mean?