El Salvador recognizes bitcoin as legal currency, and everyone’s favorite – it is up/down 50%.
If they all agree on the history of the transactions, then one can prove they are the current owner.
This is why bitcoin is said to operate on a “distributed ledger.” The power is rather than needing a centralized ledger for trust, such as a bank, the network itself servers to authenticate and secure transactions.
As exciting as it sounds to use blockchain technology to trade shares of a company, there is an even more intriguing use that comes with this model.
When each “share” can be verified and each vote secure, all owners of the company could participate in the decision making process.
A company could make decisions about marketing campaigns, hiring or firing vendors, or what new markets to enter into based on these contracts.