You seem to be arguing that blockchain has to magically solve real world physical problems, but paper contracts don't do that either. You still end up in court. Its just a question of how you are substantiating they really signed the contract.
You seem to be arguing that blockchain has to magically solve real world physical problems, but paper contracts don't do that either. You still end up in court. Its just a question of how you are substantiating they really signed the contract.
If the problem was about enforcing a signature, you do not need a blockchain, each party to a contract can just store the cryptographic signature themselves or with one or more trusted custodians. That is a fundamental feature of cryptographic signatures not blockchains. And then you need some mapping from legal entities to public keys, but this might as well be a centralized database run by the government (potentially outsourced to a private contractor), after all in many jurisdictions the government already keeps a list of legal entities and metadata about them.