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I don’t know if you’ve gotten the right answers to your questions because you asked really great questions that caught my attention and as an aspiring land investors, who also queues into the vision of LanDao, I think aside the backups from blockchain, are there any physical legal backups to these physical land acquisition process? Because I’ve seen cases where people have to rebuy the lands they already bought because of some certain dispute and you’ll trust me that, no wise investor would be glad to pay twice for one investment and as such, I also would want to know if there are any physical backups in the areas LanDao wishes to explore and in cases of family dispute, who is responsible for the losses of there be any?
Talking about physical backups I don't really quite understand you what you mean by that.I believe actually real estate through real estate tokenisation companies like lanDAO should be one of the Safest means of acquiring real estate properties since Blockchain is involved and I also believe that there will be other legal documents to attest to investors ownership of the property acquired.
The main reason why most Will be talking of possible is because of they don't have knowledge of what Blockchain is and such trusting the whole system will become and issue to them however if they are enlighten in that direction I believe the fear of losses will not be there.
Well, I already have basic knowledge of of cryptocurrency and blockchain but frankly, I wasn’t talking from the perspective and angle of an investor, what I mean is incase there are dispute that might arise along the line for the physical assets (land) what would be the fate of the investor because judging from what I’ve read so far, the NFT that will be given as some form of ownership of physical is dependent on the physical asset and now will the value of these NFT be affect by these physical dispute?
Now there’s another case scenario I want us to look at, there was this real estate company that came to acquire lands in my local community and trust me, they bought very large parcels of land(can’t estimate but trust me it was massive) and there was these family they got about 27 plots from(rumored) and since the land was inherited from their late father, the elder son was supposed to be in charge of the land until been shared but unfortunately their eldest son wasn’t around and wasn’t reached for over 8 years and since nobody knew about his way about, assumed he might be dead and had to move on with life, and sold the land to the real estate company but one way or the other, the lost eldest son got to hear about the news and came back home about 3 years after the land was sold and was demanding for explanation as to who sold and who bought the land, now stories had it that, an embargo was placed on the land for years while the case was in court, there by pausing the activities of the real estate and now, trust me the real estate at this point suffered more of losses than the family which no business owner will be happy about.
I just came around a post by LanDao that they already have plans of physical legal backup and not just the blockchain since the business has to do with both physical assets and digital tokens.