Quote:
Originally Posted by Barry-xlovecam
Proving payment is not possible in the blockchain -- blockchain is anonymous -- I think it is ;). Proving the transaction's completion might be possible if an 'officer of the court' e.g.; an attorney escrowed the transaction. I don't know if any RE escrow company (usually a state licensed real estate broker) would handle a transfer of property paid for with bitcoin -- maybe?
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Barry, the entire concept of the blockchain is exactly the opposite of your statement. I would suggest you do a little more research before moving too many bitcoins around ;)
The btc blockchain is a public ledger and all transactions are confirmed by a consensus of agreement made across the entire network and is recorded in real time on the blockchain and then used as the best proof of ownership or proof of transaction systems in the world.
There's people, financial funds, private companies, banks, countries, governments, escrow services etc all vetting ownership, shares, properties, land, gold, money etc by utilizing either a public or a private blockchain for proof of ownership or transaction contracts.
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