Make the whole legal system of a third world country based on a blockchain solution like Kleros. Having an legal system that isn’t easily corrupted and that can uphold contracts is very valuable for economic development.
Establishing ownership of real-world resources. The blockchain can track any contracts or changes, but it can’t validate or enforce them outside of the blockchain itself.
Writing and checking blockchain contracts is non-trivial. This likely gives way too much power to the unscrupulous experts in the technology.
Human courts which can arbitrate ambiguity and choose not to enforce abusive (even if well-formed) contracts will be necessary for a long long time.
Make the whole legal system of a third world country based on a blockchain solution like Kleros. Having an legal system that isn’t easily corrupted and that can uphold contracts is very valuable for economic development.
Two big problems:
Establishing ownership of real-world resources. The blockchain can track any contracts or changes, but it can’t validate or enforce them outside of the blockchain itself.
Writing and checking blockchain contracts is non-trivial. This likely gives way too much power to the unscrupulous experts in the technology.
Human courts which can arbitrate ambiguity and choose not to enforce abusive (even if well-formed) contracts will be necessary for a long long time.
It sounds to me like you don’t know what Kleros is.
Kleros is a human court and when you write the rules well it can choose not to enforce abusive contracts perfectly fine.
Hanson wrote about bounty hunter justice and you can do that for enforcement.