Bar Bulletin

Bar Bulletin

Decentralizing the Economy Via Tokenization: Building an Economic Model for the Future

December 2020 Bar Bulletin

By David M. Otto

In recent years, the limitations of a centralized economy have grown more pronounced.1 In essence, a centralized economy is an economy where the creation, control and distribution of money and the attendant value exchange inure to the predominant benefit of a few select businesses, to such a degree that the institutions themselves benefit disproportionately and become the foundational underpinning of the economy.

This model, while historically advantageous for certain institutions, has often: (i) excluded a broad segment of society; (ii) discriminated against minorities, the poor and underprivileged; (iii) created systemic inequality of opportunity and wealth creation; and...

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