Blockchain : Tokenization and ownership?
TL;DR: Please explain tokenization and “ownership” vs “rights”. Or give me a good source. Thanks!
My understanding is that with tokenization, the rights to an asset (not its legal ownership) are converted into a digital token.
What exactly does this mean? What’s the difference between having the full rights to a house and owning the house? I mean, if you have the full rights and there is a separate owner, what can he do with his house? And why aren’t you the owner if you have the full rights?
It would be great to have a short paper or expert article (not a popular/news article) on how tokenization of an asset works exactly. Thanks!
What is the Blockchain?
A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.
Don’t forget to share the post if you love it !