Moving the International Registry of Mobile Assets onto a blockchain registry system that digitally ‘tokenizes’ each registered asset would provide a more efficient and secure mechanism of authentication, mitigate existing potential liability in registry maintenance for the Registrar, and effectively eliminate many current risks of syntax errors and noncontiguous asset histories. This may be accomplished in accordance with the current legal framework, without complicating the user interface on the front end, and allows for potential future inclusion of the asset tokens into smart contracts.
Air and Space Law