Tokenization of off-chain things trust-minimizes only transfer of title. Short of entangled proplets
http://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/proplets.html …
it doesn't do anything about actual control of the actual off-chain assets; it doesn't even guarantee respect for the title. h/t @eric_lombrozo's tanks.https://twitter.com/brucefenton/status/992023735141101569 …
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Tanks can kill people whether they posses a paper certificate or the keys to a token — with a token it’s much harder for a 3rd party to sieze.
Not at all physically harder to seize, but possibly harder to defend the seizure if hauled into court, assuming court grants some authority (or at least some evidentiary weight) to the token record.
![Jay 4.669 [ ]](https://pbs.twimg.com/profile_images/1115573235259588609/yxWi46Yv_normal.png)
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In short, tokenized off-chain things are radically different, and radically weaker, and far more dependent on legal and political winds, than on-chain cryptocurrency.
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Nick, this is what my company is doing: the nasty legal/technical leg work to get those physical assets titles to be secure. http://mattereum.com it's the
@iang_fc (our chief scientist) Ricardian model with close attention to asset locks and creation of new kinds of property. - 1 more reply
New conversation -
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Exactly. Authentication of ownership for physical assets is only as relevant as the system that can or cares to enforce the title claim...
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