Blockchain : Tokenization and ownership?

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!

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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.

Author: blokkblokk

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