Moving Into The 21st Century
One thing is sure, is that our legal processes often do not take into account the evolution of the power of the Internet. Like it or not, we are now entering a world of digital tokens, and where our assets — either their ownership and trading — are now linked to digitally signed entities. But much of our legal system can only see wet signatures as the ultimate truth, and where there is no clear understanding of how digital assets and tokens will be traded, and especially in the safeguards that would apply. I have previously written on this related to a Blockchain Act for every country:
and I still strongly believe we need something like this. The countries of the world thus need to put in place legal protection for those who deal with digitally signed assets. At the one end, you have cryptocurrency, but at the other, you have digitally signed assets and related tokens.
To me, we will grow a new economy — a tokenized economy — and it will be based on digital trust. Whether we hold just hold public keys on a ledger in a permissioned way, or record our transactions on a public ledger, it doesn’t matter, as it is all about the digital certainty of signing a transaction, and properly…
