4.2 β’ 1K Ratings
ποΈ 18 June 2025
β±οΈ 3 minutes
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0:00.0 | What is on chain ownership? |
0:15.0 | The clue to this one is in the name. |
0:18.0 | As you might have guessed, on-chain ownership refers to ownership |
0:22.2 | of something that is recorded and verified on the blockchain network. And there are numerous |
0:28.0 | advantages of on-chain ownership over traditional ownership models. Security. Records of ownership |
0:35.4 | and all ownership transactions are cryptographically secured, making |
0:40.0 | them extremely difficult to forge or manipulate. |
0:44.5 | Transparency. |
0:45.8 | The blockchain record is an inneutable transaction history that tracks asset transfers |
0:50.8 | in real time, and it's not only open to the public, but also verifiable. |
0:57.0 | Provenance. The ability to attach a verifiable history to assets. For instance, a gaming asset |
1:04.0 | might have a history of Battles One, or a financial asset might have a trading history. |
1:10.4 | Smart contracts. |
1:11.6 | With on-chain ownership, the contractual terms are built into the code, |
1:16.6 | so they become self-executing, reducing time, cost, and human error. |
1:22.6 | No middlemen. |
1:23.6 | You guessed it. |
1:24.6 | On-chain ownership eliminates the need for many lawyers, brokers, |
1:29.3 | registries and the like. What's not to love about that? Fractional ownership. Another cool thing about on |
1:38.3 | chain ownership is that you can divide an asset, any asset, into smaller units, a bit like shares. |
1:45.6 | This creates more flexible investment models and means smaller investors can participate |
1:50.2 | too. |
... |
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