It’s not a new to everyone that there have been wars in different countries, and I was just thinking, what if people are forced to leave because of war? They’d probably leave in a hurry without carrying anything, and in that kind of situation, not everyone would think of bringing their land title. The focus would just be on surviving.
In a similar situation, the easiest way to transfer your assets is bitcoin. Therefore, in case of force majeure, it is reasonable to have part of the assets in the form of crypto assets.
Since land titles in most countries are still just paper, there’s always the possibility that a corrupt government could claim the land for themselves and transfer it to their allies. They could even say that the offices where the land records were kept got destroyed, so they can’t recover them anymore which basically resets everything and gives them a perfect excuse to cheat the rightful owners.
If the government wants to take away your property (land), it will find a way to do it "legally". No "papers" will help you.
But if these records were stored on the blockchain, they couldn’t be erased. The ownership would still be visible and verifiable, making it harder for anyone else to claim the land. I think it’s possible, but I’m not an expert, so I’m wondering how it could actually be implemented in practice and if courts would even accept it. Does anyone here think that’s realistic?
Theoretically, yes, a blockchain entry could allow you to preserve your "ownership" and I believe that in the future this will be the case everywhere (in countries where citizens' rights are respected).