Why would anyone assume the risk to put a gun to your head when they know you can't give them what they want just by yourself? With blockchain you can prove them that's the case. They would have to also put a gun to the head of the cosigner(s) in order to get it.
I am not aware of any other mechanism similar to BTCs multisig that doesn't require a trusted third party.
I came to the comment section to find out exactly how were they getting over the confirmation time, and I was not disappointed. Thank you greenleafjacob. The article should have mentioned this.
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ch4ck might have meant Poland, since there is a similar requirement here. However, the sentiment towards it is extremely negative because the new government (which is viewed very unfavorably by many) has decided to increase the monthly contribution, crack down on non-payers and tie the payment to your electricity bill. This also creates an issue for people and institutions who pay multiple electricity bills and thus are unfairly burdened by this new tax.
