Well, maybe you don’t understand blockchain, so lets draw some parallels to popular tech. Look at any distributed filesystem (hdfs), database (ETCD), kv store et al (basically anything that implements RAFT or similar). These systems all require quorum, some form of replication for their data, and create consensus. Now imagine a similar system that also codifies the transactions to this system as well AND it signs and validates all actions cryptographically and stores these transactions in the database as well. That’s a typical blockchain ledger, and it seems like a great way to track ownership of “things”.

BUT it doesn’t solve account security.

The article’s final point misses the mark. Humans will need to enforce the values from the tech onto the physical world if they wanted to go that way.

Edit: Included detaisl about storing the cryptographically signed transactions in teh database itself.

Well, maybe you don’t understand blockchain, so lets draw some parallels to popular tech. Look at any distributed filesystem (hdfs), database (ETCD), kv store et al (basically anything that implements RAFT or similar). These systems all require quorum, some form of replication for their data, and create consensus. Now imagine a similar system that also codifies the transactions to this system as well AND it signs and validates all actions cryptographically. That’s a typical blockchain ledger, and it seems like a great way to track ownership of “things”.

BUT it doesn’t solve account security.

The article’s final point misses the mark. Humans will need to enforce the values from the tech onto the physical world if they wanted to go that way.