• Zuberi 👀@lemmy.dbzer0.com
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    1 year ago

    NFTs will fix future financial fraud by utilizing blockchain tech to keep public trades accountable. True audits

    Doesn’t have to be a JPG

    • June@lemm.ee
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      1 year ago

      Not sure I’d say ‘will’ because the people who have to implement it are the same people that benefit from the current system.

    • pomodoro_longbreak
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      1 year ago

      I’m not against this. And as far as I can tell it isn’t a get rich scheme. I mean the tech companies implementing and maintaining it would probably make a killing, but that goes for any enterprise that supports big finance.

        • pomodoro_longbreak
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          1 year ago

          I guess I’m talking more about blockchain? I never got too deep into this world. But like a way to hash transactions made with real money in a way that would be harder to commit fraud with. I dunno, maybe accountants already do this some way.

          I’m imagining an example where you couldn’t disappear a line item because then the ledger’s hash wouldn’t come out right, and bingo bango, tax evasion charges incoming.