Creating a digital representation for real estate

On the back of the recent announcement from the High Chancellor in November 2019 regarding Smart Contracts and Digital Assets it is likely the Law Commission for England and Wales will now introduce new laws, or we will see courts making a ruling based on the High Chancellor’s statement. This will then give absolute legal certainty as to the status of Smart Contracts and Digital Assets. It is very significant as, until the Chancellor’s guidance, Digital Assets were not recognised. It could have been argued that, as one was unable to take physical possession of a Digital…