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RE: Tokenization Of The Physical And Real World

in Threespeak2 months ago

The only thing I question is if the token is tied to a real life asset such as a building. What would happen if the house got destroyed due to a fire (think California and the big mess) or an earthquake/flood? I guess there might be insurance but I think they are a huge scam and they try to avoid paying out. But assuming insurance does not pay, who pays for fixing the property/land?

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It would have to be the same type situation.

Just think of laws that we have now but put the in code (smart contract). Hence one could have a platform that the tokens are tied to which is the "insurance".

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