As someone who wants to invest in Real Estate in the future i feel more secured investing in tokenized land. Although i keep asking my self one thing, has LandDao explored any partnerships with legal real estate firms in each of the countries they operate? I am also curious about the legal frameworks backing the tokenized land. What jurisdictions are they operating in the country, and how are ownership rights protected across borders apart from smart contracts? In case of community dispute, which legal body takes things in control. I know the blockchain side is settle but let us be realistic, most land especially in African rural area are bound with long term family dispute in case of things like that arises what will be the subtle approach for LandDao to ensure everything goes secured? This information will really be helpful for an investor like me.
Yes. The Acquisition Sub-DAO Committee hires local lawyers and land surveyors to run due diligence and also register each land it acquires. Lands are all owed by the LandDAO legal entity
Oh, finally a LandDao representative is here.
Well, from what you said this means I was right afterall. I am comfortable with the locals handling the legal side along with the Sub-Dao Committee but I need to be sure if these locals pass the necessary screening before they are accepted. You know some locals can take advantage of some things, If the committee don't know much about it. Most of them are cunn men and tricksters. Even being a lawyer. What is the procedure and requirement the team use in finding which local lawyer is fit to handle the document.