But wait: correct me if I’m wrong, but the whole goal of NASDAQ (or the DTCC commerce clearing system, for instance) is that it has a ledger of who owns what stocks? But who will perform this group service? The first Bitcoin specification and proof of idea was revealed in 2009 by an unknown particular person below the pseudonym Satoshi Nakamoto who revealed little about himself and left the challenge in late 2010. The Bitcoin group has since grown exponentially. Were they nervous that their systems, absent blockchain, would soon be unable to maintain track of who owns what? For area decision-the technique of determining whose servers get to see the traffic and reply to your requests if you sort a URL into your tackle bar-it’s promising to imagine that an all-digital report of good contracts, where the precise act of payment being published to the ledger also updates who the area resolves to, obviating the necessity for area escrow services. Yet in follow, as with the DAO or different smart contracts, if useful domains change palms on account of theft or security issues, you actually want a approach to override the ledger-as the results of a court docket order, for instance.