Our global economic system is used every day to transfer trillions in value and serve billions of people. Unfortunately it has problems which incur costs in various service fees and delays, creating friction through sometimes unnecessary and often complex paper-based processes. This can also increase possibilities for fraud and other crimes.
The simple act of buying a share can be done in milliseconds but the actual transfer of a stock from one person to another can take several days due to the many processes and checks that have to be done by intermediaries when transferring ownership.
This system can be dramatically improved using blockchain-based systems where various assets can be digitised and then reliably transferred from one owner to another in almost real time with minimal or extremely low fees and high reliability.
Smart contracts and autonomous agents can be used to automate the pricing, buying, selling and transfer of shares, bonds or almost any kind of material or virtual assets.