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What I described IS unique to blockchains: "makes that asset accessible to a large number of autonomous on-chain markets, like dApps which allow a person to ta
by CryptoPunk 5y ago
What I described IS unique to blockchains:
"makes that asset accessible to a large number of autonomous on-chain markets, like dApps which allow a person to take out self-executing loans that use the NFT as collateral"
What market undergridded by banks provides these features.
The blockchain provides extremely high assurances of up-time and immutability in its protocol rules - which assures accessibility and protection from third party interference. This is ideal as a digital asset registry.