Lindy effect: Difference between revisions

</ref> At the time of writing, a permissionless [[blockchain]] is a novel solution to the problem of definitively recording ownership and registering transfer of goods. It is yet to be fully tested in lots of different operating conditions, so we do not as yet know how robust it is. But “a means of recording and registering title to movable assets” is not a new idea — title registries have been around since at least William of Normandy commissioned the Domesday Book, a thousand year ago. We have all manner of ownership registries for shares and financial assets, land, ships, planes, corporations, intellectual property — there will be some kind of title registry for any asset valuable enough to be worth protecting. Just as blockchain is an instance of the abstract form “ownership registry”, an ownership registry is just an instance of the abstract form “database”.