2min chapter

The Foresight Institute Podcast cover image

Kate Sills | NFTs and Engineering Property Rights

The Foresight Institute Podcast

CHAPTER

The Future of Software Engineering

A well-designed property rate will solve the problems of fragmentation. Smart contracts and virtual property are tools that property rights engineers can use to create, splitting, and combining property in new ways. In a smart contract, anyone can alter and create new property rates without imposing high transaction costs on everyone else. But that is only if we know and design around the economic problems that can occur the property rates.

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