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RE: Want more proof that Wall Street is coming to Crypto?
I’ve been thinking the exact same thing. Why can’t I mortgage a house on the blockchain? Why can’t I own and invest in companies on the blockchain? Hell why can’t I get a pay day loan on the blockchain? It’s only a matter of time.
My thoughts exactly. Not only that, but if every asset can be tokenized there really isn't a need to do an IPO, which is very costly in the first place.
That’s very true. I wonder how that’s going to interact with the legal system once it reaches that stage, but by then we might just be voting for our senators on the blockchain.
They'll start with the assets that are less regulated and hopefully that will demonstrate some benefits to others.
Yeah I suppose that’s what Steem is. Social media networks aren’t super regulated so it makes sense that one of the first really successful dapps is a social network.
Hi @lucious! There are many existing blockchain companies targeting mortgage, loans now.So it already exists, and it is not somewhere far in the future.
I didn't realize that. How do they plan to interact with the regulatory framework of any given nation? I'm not too familiar with the financial industry, but my gut tells me there's some regulation that would prevent or limit how you can put a mortgage on the blockchain. I might be totally wrong, but that's my instinct.
Smart Contracts is the answer!!! Now mainly on Ethereum platform, but many others start to compete with, NEO, WAVES etc.
There is a lot of noise about these platforms over the net!