I have been having this thought of asking the team this question. Maybe it might skip others and I also believe people out there would want to also know about this aspect of ownership of properties through LandDao concepts and tokenization.
Buying landed properties through smart contracts is quite a good innovation and as a matter of fact, it makes owning of assets and investment very easier for investors all over the world irrespective of where you come from but I think the team should explain to us how they would handle the government aspect of this purchase of properties because in some countries, the government must be involved in such purchase so as to get a C of O to that properties and other activities which involves the government which must also be met before there is a change of ownership. How will the LandDao team handle this and integrate it into the smart contracts so it can be recorded onchain.
Great question. LandDAO works with local custodians and legal structures to ensure compliance
It is nice to hear that the government works with local custodians and the government agencies to make sure procedures are followed and measures are put in place to properly acquire and secure properties being purchased so that in the future, there would not be any legal issues because that is one of the things that scares investors when it comes to purchase of properties on countries they have not been to. I believe your response would clear the air and give investors who see this the courage to invest in the LandDao project.