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Programmable Ownership Rights

Definition

Programmable ownership rights are property entitlements encoded as executable code on a blockchain. This concept involves defining and enforcing rights associated with digital or real-world assets through smart contracts, allowing for automated transfer, usage restrictions, and revenue distribution based on predefined conditions. These rights can be fractionalized, enabling multiple parties to hold verifiable stakes in an asset. Programmable ownership transforms traditional legal agreements into self-executing digital logic, increasing transparency and reducing intermediary reliance.