It is more useful to regulate and adjudicate blockchain protocol property transactions using laws and precedent associated with agreements and acts, rather than using the law of physical things.

Since the advent, in 2008, of BitCoin—a completely peer-to-peer cash system free of third-party involvement—the interest in “blockchain” technology has increased. Blockchain protocol offers an alternative to the need for trusted third parties to prevent property fraud. However, it also requires the application of law other than property law to police blockchain activity. More particularly, contract and tort law are more applicable than property law to properly adjudicate blockchain property transactions.