Valuable property without value for others — future of wealth management
When you own valuable property in physical world, you can protect it only by offering resources to keep it in your possession. This is very ineffective. Keep in mind, that only effective systems have advantage over ineffective ones. You need safes, stuff, armed men to keep your property safe. So first option is to use more resources to increase protection of your property.
Second option is undervaluing your property for every other. Create valuable property invaluable for others is hard in physical world. But it is possible by creating such protection which can exclude others to use your property. F.e. if someone stole your iPhone, make it unusable for a thief is imaginable. Imagine, that only you have “keys” to use all your property and for every other user has no value. It has no meaning to tax, steal or destroy property, when it has no value for others.
Perfect tool for protection is Blockchain. Private key is only tool to unlock using your wealth and every other person without private key is absolutely excluded to spend, tax or steal it.
Time when property was hard to protect is gone. Welcome in age of strong property rights.