right, but there's no reason for that ledger to be on the blockchain - since property rights are always enforced by the government we should just have a public ledger that is akin to the ledger the gov records about driver's licenses.
Incidentally, the organization which keeps a central record of personal and commercial drivers' licenses in the United States (AAMVA, American Association of Motor Vehicle Administrators) is nominally non-governmental, although it works closely with state and federal jurisdictions as well as with 3rd parties. And it gets by fine with a conventional DB, although they have shown some interest in blockchain tech IIRC
It still requires blind faith and trust, but now you're trusting a combination of computer code that cannot apply common sense to transactions, and human programmers and bad actors, who can through accident or malice do a great job of fucking up your day.
And, since the government still would retain rights to seizing property under eminent domain or force the sale of a property for other reasons... you'd still need to put your blind faith and trust in the government to not seize your property. Essentially you've just increased the numbers of actors you need to all explicitly trust.
In what way is "these papers signed by these people in person, countersigned by notaries, postmarked on this date, after a thorough identity and title verification process conducted by these people, copied and hand delivered to bank, realtor, broker, seller, buyer, city, and state" blind faith
But "I found a message on the internet with a secret number attached" is not blind faith?
