Financial law professor Hilary Allen argued that public blockchains can’t fix financial markets by tokenizing real-world assets in a speech to the House Financial Services Committee.
A financial law professor told Congress in a speech on Wednesday that public blockchains are too “fragile” to tokenize trillions of dollars in real-world assets as they’re highly inefficient and can’t handle large transaction volumes.Hilary Allen, professor at the American University Washington College of Law, in a speech to the United States House Financial Services Committee on June 5.
“Blockchains suffer from inescapable inefficiencies and operational fragilities that make them unsuitable as supporting infrastructure for real-world assets.”
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