Autor segons l'article: Garcia-Teruel RM; Simón-Moreno H
Departament: Dret Privat, Processal i Financer
Autor/s de la URV: Garcia Teruel, Rosa Maria / Simon Moreno, Héctor
Paraules clau: Tokenization Smart contracts Ownership Blockchain Asset-backed tokens tokenization smart contracts ownership blockchain
Resum: Blockchain technology allows virtual disintermediation and automatization of property transactions, which might help to design future platforms, intended to facilitate cross-border transactions within the EU and worldwide. To this end, users of these blockchain-based platforms may create the so-called “digital tokens” or “colored coins” that aim to represent rights over different types of “real world” assets. By transferring a digital token, the parties aim to transfer the ownership or other property rights over the asset represented by the token without the intervention of traditional intermediaries, such as real estate conveyancers, land registrars or notaries specializing in real estate. However, this new technological tool raises several questions in the field of private law, such as the legal nature of the token, how the effective transfer of the property rights operates or how ownership rules may be applied in this decentralized environment (e.g. rights and duties of the token holder). Some of the issues at stake have only been tentatively addressed by both lawmakers and academia. In light of this research gap, this paper addresses these controversial issues from both a private law and a comparative perspective, and proposes a model to tokenize the right of usufruct over chattels and real estate, analyzing its legal viability and limitations across six jurisdictions. The paper concludes that private law rules may be adapted to the tokenization of property rights, which may contribute to the establishment of a digital market for the trading of asset-backed tokens worldwide.
Àrees temàtiques: Law General business,management and accounting Economia Dret Computer networks and communications Business, management and accounting (miscellaneous) Business, management and accounting (all)
Accès a la llicència d'ús: https://creativecommons.org/licenses/by/3.0/es/
Adreça de correu electrònic de l'autor: hector.simon@urv.cat
Identificador de l'autor: 0000-0002-6022-7464
Data d'alta del registre: 2024-02-25
Versió de l'article dipositat: info:eu-repo/semantics/publishedVersion
Enllaç font original: https://www.sciencedirect.com/science/article/pii/S0267364921000169
URL Document de llicència: http://repositori.urv.cat/ca/proteccio-de-dades/
Referència a l'article segons font original: Computer Law & Security Review. 41
Referència de l'ítem segons les normes APA: Garcia-Teruel RM; Simón-Moreno H (2021). The digital tokenization of property rights. A comparative perspective. Computer Law & Security Review, 41(), -. DOI: 10.1016/j.clsr.2021.105543
DOI de l'article: 10.1016/j.clsr.2021.105543
Entitat: Universitat Rovira i Virgili
Any de publicació de la revista: 2021
Tipus de publicació: Journal Publications
Repositori URV