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This short article is an example of the use of blockchains to securely record information in a tamper-proof manner. Another example is a project in Honduras to record land titles on a blockchain. (Historically some Latin American countries have had serious problems with corruption regarding land titles, a problem which should be put to rest by such a project.)

So long as the blockchain is adequately secured - that is, by being based on a sufficiently valuable cryptocurrency like bitcoin - information embedded in it will be immutable once recorded. Already there are cryptocurrency startups that offer information recording for a modest fee. For example, you can take a hash of a photo or piece of art or music you've created and have it timestamped in a blockchain, proving your ownership at that date. It's estimated that the value of such services potentially runs into the billions of dollars, and that's just one small aspect of cryptocurrency, just an aside as it were.

1 posted on 10/27/2015 4:57:24 PM PDT by Another Post-American

To: gaijin; I Hired Craig Livingstone; Lurkina.n.Learnin; Major Matt Mason

2 posted on 10/27/2015 4:59:14 PM PDT by Another Post-American (Jesus died for your sins.)

To: gaijin; I Hired Craig Livingstone; Lurkina.n.Learnin; Major Matt Mason

3 posted on 10/27/2015 4:59:18 PM PDT by Another Post-American (Jesus died for your sins.)

To: Another Post-American

Thank you for your great ping list..!

7 posted on 10/27/2015 5:06:28 PM PDT by gaijin

To: Another Post-American

Will it be as easy for the insiders to steal the car as it is for them to loot the other Bitcoin vaults?

13 posted on 10/27/2015 5:52:16 PM PDT by PAR35

15 posted on 10/27/2015 5:56:39 PM PDT by Jet Jaguar

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