Despite the growth of the crypto and blockchain industry, traditional financial still lacks an understanding of its basic concepts. Alex Tapscott’s book aims to fix that and show how DeFi can reinvent TradFi
should still conduct their own research when looking into different digital asset use cases, especially since the sector is constantly evolving.mentioned throughout the book. Chapter four is dedicated entirely to CBDCs and features an edited transcript from a webinar hosted by the Blockchain Research Institute with J. Christopher Giancarlo, former chair of the United States Commodity Futures Trading Commission and co-founder of the Digital Dollar Project.
“At the Digital Dollar Project, we believe that developing the jurisprudence around the U.S. government’s approach to commercial activity using the sovereign currency, if it’s done right, could be a feature of a digital dollar that could be superior to other global reserve currencies.” Given this, the author points out that enterprise leaders must start thinking creatively about tangible and intangible property rights. For example, Majer includes a chart here that displays NFT use cases, one being for intellectual property. The chart states that “NFTs could potentially confer licenses or titles not just of copyrighted works but also trademarks and patents as with 3D printing design files.
“Smart contract platforms must interoperate seamlessly for DeFi and other new blockchain use cases to reach their full potential,” he writes. Tapscott then points out that smart contracting platforms like Cosmos and Polkadot were developed to address this issue.
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