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this post was submitted on 22 Aug 2024
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Technology
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I liked the public ledger of contracts idea someone had. You use the public block chain to sign and store stuff like mortgages, that way everyone sees the same copy.
Distribution ensure integrity of data. Let's say we sign a contract, cryptographically sign it and all that good stuff but then oh no, where we stored your contract went up in fire and now I don't have to honour that contract. (contrived example I know)
The signing ensures the integrity of the data, whether using a public block chain or not.
The signed document can be distributed as widely as you'd like - it doesn't need to be attached to a block chain to do this.