|
May 14, 2019, 07:32:49 PM |
|
So Bytom would like to bridge the worlds of physical and digital assets. This is not the first crypto trying to do that. But how exactly are they planing to do that? What about the oracle problem? What entities will act as oracles, and how will it deal with legal issues. These aspects by all means are not trivial.
I still have to see a real life solution. Everything is fine as long as we stay in the domain of the computer programs, that is, smart contracts. It works. But the moment we leave the computer space and enter the real space, who will enforce the contracts, because we have to deal with tangible objects. And you say we will transact around the world, which is a great idea, but the complexity of dealing with laws and legislations of various countries is enormous.
If you ask me, we are still in the domain of theory when it comes to bringing physical world assets onto the blockchain. But, without efforts in that direction, nothing will ever change, so it's great that we are trying.
|