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Every tech company rn
(lemmy.world)
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this post was submitted on 06 Aug 2023
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Unlike the previous bullshit they threw everywhere (3D screens, NFTs, metaverse), AI bullshit seems very likely to stay, as it is actually proving useful, if with questionable results... Or rather, questionable everything.
if it only were AI and not just llms, machine learning or just plain algorithms. but yeah let's call everything AI from here on. NFTs could be useful if used as proof of ownership instead of expensive pictures etc
The NFT as ownership should really become the standard. Instead of having any people "authorizing" yadadada it's done completely by machine and traceable.
No middlemen needed. Just I own x, this says I own x. I can sell you x, and you get ownership of x immediately. No "waiting 45 days to close" or "2 day transaction close" or even "title search verification." Too many middlemen benefitting from the current system to allow NFT to replace them though. That's the actual challenge.
Okay, someone gains access to your device and sends themselves the NFT that proves ownership of your house.
What do you do? Do you just accept that since they own the NFT, that means they own the house? Probably not. You'll go through the legal system, because that's still what ultimately decides the ownership. I bet you'll be happy about middle men and "waiting 45 days to close" then.
The legal system needs to enforce ownership and recognise the blockchain as the official ownership registry.