📑 Blockchain’s real world problem

Ryan Barrett reflects upon the the potential of the blockchain and the importance of human trust.

Next time you hear someone say they’ve taken a real world problem and solved it by putting it on the blockchain, ask them how. How do they authenticate the data? How do they vet the systems that do that authentication? How does the data get onto the blockchain? The more guarantees they make, the more they’ll depend on off-chain tools, procedures, organizations, and people. Always people. Verisart punted on many of these problems, as did most of its cousins, but that didn’t make them go away.

For me, this touches on the association between technology and magic.