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171: What type of property is crypto? With Rob Kellar KC

Law Pod UK

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The Future of Crypto Tokenization

The law commission doesn't really go to a huge amount of detail about this, but those that are argue in favor of blockchain technology point to a large number of use cases. Those who argue for the benefits of crypto suggested in the future, things like NFTs are going to increasingly represent real things in the real world. For example, non-fungible tokens will eventually replace tickets for shows or sporting events and be a way of securely transferring tickets and securely trading them. And tokenization will enable all things of value to be readily traded, specifically without the need for expensive intermediaries. So that's the idea, that's the promise ofchain technology.

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