HIGHLIGHTS
SUMMARY
The current leasing system lacks the ability to reliably record real-time information (including the documents) about the leased asset`s operational activity, which hampers the lessor`s ability to ensure the lessee`s compliance with the LC. From of of the l LFs (lessors) highdefault, probability of activelyleasing adopting BCT to efficiently p reducing risks ofhave leasedaasset a blockchain-based service provided by the lessor is more beneficial for an operating lease than a capital lease. their ownership of the leased asset on-chain. An appropriate default penalty should be set up on . . .
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