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RE: Tokenization: The Future of Real Estate

in LeoFinance3 years ago

I am worried about how to enforce this tokenization of assets because it's only an agreement on the blockchain. This means that there will still need to be some entity such as the government that makes sure that the rules are followed.

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For now, yes you will. Since people tend not to want to follow them, that is an issue.

Of course, there is more opportunity with tokenization since it is programmable. If people do not follow the rules, their tokens can vanish.

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