Yeah, a distributed ledger for managing property ownership would be pretty borked with no authority to revert thefts, enforce legal orders, etc.
It might be an effective way to get buy in from the government if they don't have to manage much infrastructure, if they still get the (literal?) keys to intervene in things. That would require them to have the basic competency to manage their own access, though.
It might be an effective way to get buy in from the government if they don't have to manage much infrastructure, if they still get the (literal?) keys to intervene in things. That would require them to have the basic competency to manage their own access, though.