this post was submitted on 09 Aug 2023
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Dank Memes

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[–] JollyG@lemmy.world 2 points 1 year ago

There could be a “validator” you choose that has to sign off on the blockchain the seller’s claims are true as a condition to finalize the sale. Similar to buyers (in the US at least) selecting and paying for a home inspector when buying a property.

In other words, for blockchain technology to be applied to sales validation, there needs to be a central authority who everybody trusts, that can validate transactions.