You can now get a mortgage on your address in cyberspace in the same way that
you can take out a mortgage on your bricks-and-mortar address. The Industrial
Bank of Korea is offering loans to businesses of up to $26 000. “I could
see many circumstance where this wouldn’t work,” says Robert Porter of Harbottle
and Lewis, a firm of lawyers specialising in the Internet. He says the value of
the site depends on the company’s success, so in hard times the security will be
useless.
More from New Scientist
Explore the latest news, articles and features
Physics
Gravity's strength measured more reliably than ever before
News
Mind
Symptoms of early dementia reversed by bespoke treatment plans
News
Physics
QBox theory may offer glimpse of reality deeper than quantum realm
News
ÎçÒ¹¸£Àû1000¼¯ºÏ
Is stem cell therapy about to transform medicine and reverse ageing?
Comment
Popular articles
Trending New Scientist articles
1
Can you slow ageing with your diet? A new book gives it a go
2
Symptoms of early dementia reversed by bespoke treatment plans
3
QBox theory may offer glimpse of reality deeper than quantum realm
4
Largest-ever octopus was great white shark of invertebrate predators
5
Why your opinion of used electric vehicles is probably wrong
6
How autoimmune conditions can unexpectedly drive mental illness
7
Gravity's strength measured more reliably than ever before
8
Surprising male G-spot found in most detailed study of the penis yet
9
Why the right kind of stress is crucial for your health and happiness
10
The monstrous number sequences that break the rules of mathematics
