#CryptoRoundTableRemarks Securities are increasingly migrating from traditional (or 'off-chain') databases to blockchain-based registry systems (or 'on-chain').

This transition of securities from off-chain systems to on-chain systems is similar to the transition of audio recordings from analog vinyl records to cassettes and digital software decades ago. The ability to easily encode audio in a digital file format that could be easily transmitted, modified, and stored paved the way for tremendous innovations in the music industry. [