If you have a digital system that can handle disputes (by dispensing penalties s... | Hacker News

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		kosievdmerwe on Feb 22, 2019 \| parent \| context \| favorite \| on: You Do Not Need Blockchain: Popular Use Cases and ... If you have a digital system that can handle disputes (by dispensing penalties say), how will it handle the other party lying about what happened in the real world? How would the other party handle you lying about what happened in the real world?

pnw_hazor on Feb 23, 2019 | [–]

Or they could just refuse to provide the contracted service or provide bad product.

The blockchain can't fulfill the agreement.

All the blockchain does is memorialize the agreement -- which is what a contract does.

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