The disruption introduced by Blockchain technology (BT) is often denoted as the ‘Internet of Value’. In contrast to the common Internet, which is limited to the exchange of information due to the occurance double spending, BT grants digital asset scarcity. Combined with its property of tokenization, it allows for the digital representation of various asset types, thereby challenging common theories of what constitutes property and the scope of property rights. We conduct a systematic literature review of 35 articles at the intersection of BT and property rights. We analyze the articles along the framework of Garruthers and Ariovich (2004), which differentiates between five dimensions of property. We find that BT enables refined management of various types of property, and impacts how property rights can be transferred and enforced. We conclude our study with directions for future research and practical implications on handling challenges that BT-based property rights records entail.
Nagel, Esther and Kranz, Johann, "Is 'Chained' Property the Future? A Review and Synthesis of Literature on Blockchain Technology and Property Rights" (2021). ECIS 2021 Research Papers. 88.
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