The Market for LemonCoins

LSE Professor tells incovenient truth about blockchain

A paper entitled ‘Cloud Crypto Land’ was posted today on SSRN by LSE’s Edmund-Philipp Schuster.

Professor Schuster argues that features present in all major legal systems mean that real-world assets (such as company shares or real estate) cannot be traded on blockchain-based systems, unless design choices are made which necessarily remove all advantages the technology offers over existing solutions.

Read the paper here.