The world of digital assets is expanding, and we are starting to see each piece of daily life and business activity being converted into a computer-readable format. Money is already digital; in fact, only 8% of the world’s currency is materialized in the form of physical cash.
The stock market is digital, as well (Charles Schwab was the first major financial services firm to sell stocks online, which ultimately led to an online real-time market for digital assets). As for tangible physical goods of generally low value, such as books and clothes, the majority of these items are traded online and around the clock, thanks to e-commerce platforms such as Amazon, eBay, and Alibaba. In contrast to low-value goods and services, there is a class of high-value assets that are behaving more and more digitally due to their digital ownership representations; this category includes real estate, cars, expensive collectibles, boats, and even venture investments.
Read the full Forbes article here