How Do Tokenized Assets Rely on the Chronological Integrity of the Block Chain?
Tokenized assets, which represent real-world or digital value on a blockchain, rely fundamentally on the chronological integrity provided by the chain's structure. The sequence of blocks ensures that ownership transfers, asset creation, and redemption events are recorded in the correct, verifiable order.
If the chronology were compromised, a token could be fraudulently spent or created out of sequence, leading to double-spending or unauthorized issuance. The block chain's integrity, secured by hashing, is the foundation of asset ownership.