https://qz.com/947064/sweden-is-turning-a-blockchain-powered-land-registry-into-a-reality/
Good Job Sweden! Blockchain is a transaction based documentation system that traces all transactions of an object, the change in its ownership to the current owner of the thing.
Few physical things are as static as land. A geographic exactness defining a dimensional space on the surface of the earth. Measured in degrees of accuracy down to a fraction of an inch. New land is being made by volcanoes, expansion of islands by China and lost by rising sea levels. Gain or loss of land is not statistically significant. Land is a fixed thing. Identification of a any geographical portions of land is a fixed thing. Ownership is variable and changes with a transaction.
The last transaction related to geographic identified piece of land on a public ledger is the key to who owns it. That transaction connects current owner to all past owners in time back to establishment of the blockchain transaction system....It is also the key to all related blockchained systems related to the land geo-blockchain ownership transaction.
The other blockchain systems?
The smart contract blockchain that specifies terms and conditions of the land transaction.
The monetary system blockchain of currency paid for the land transaction.
The secondary blockchain related to any interest of a third party in ownership rights to the land transaction. Such as right of way, mineral rights, liens, bank or loan mortgage, encumbrance,court order,
The tax transaction block chain for any and all taxes paid or due related to the property.
The blockchain of transactions related to any construction, improvements or structures on the property.
The blockchain of all changes in property status such as zoning change, regulatory changes, laws related to use.
The blockchain of beneficial ownership of the last transaction owner connecting the property ownership to all other blockchained transaction systems establishing beneficial ownership of any blockchained proof of truth system.
The blockchain of any and all assignments of primary or secondary ownership benefits such as rights to stream of income, credit default swaps, futures contracts, etc.
The blockchain of tenant rental, if applicable.
The blockchain of capital gains transaction payment and re-investment if applicable.
Maybe after all this blockchaining there needs to be a master blockchain under which all related blockchains are recorded!
One fundamental transaction blockchain relates to a multitude of other blockchain transaction systems and their associated sub-levels of blockchained transactions as appropriate. Such as warranties and guarantees that are applicable to the geo-property or improvements on it that may carry with the property ownership transaction.
Puts the rip-off Title entities our of business. Public blockchains essentially puts the inefficient extractive middle entity out of business.
On the other hand....an interesting site that leads to other entries at the same site.
https://cointelegraph.com/news/blockchain-land-registry-may-lead-to-new-global-financial-crisis
Blockchain ownership of property is 10/10ths of the law!
The accounting view of blockchain benefit.
If Ghana can do it the USA can do it!
NOT! That would expose the fallacy of the finance darivitive scam. Income from a property can only be divided up to the total amount of blockchained income actually derived from the property!
Honduras?
https://bravenewcoin.com/news/factom-tackles-land-title-disputes-with-bitcoins-blockchain/
https://www.factom.com
7320 N Mopac Expy #301, Austin, TX 78731
Factom Blockchain as a service!....
http://www.the-blockchain.com/2017/03/24/factom-launches-revolutionary-blockchain-suite-mortgage-products/
"Factom is working with the Department of Homeland Security and the Bill and Melinda Gates Foundation to create new ways of securing records. Their new Blockchain-based software system for recording, managing, and sharing records is ready for the future, with safeguards to make sure sensitive information is appropriately shared, respecting the privacy and safety of all."
Factom has China connections:
https://bravenewcoin.com/news/factom-securing-blockchain-partnerships-in-china/
Where do I invest in Factom?$$$$
http://isoftstoneinc.com ...USA
China: http://www.isoftstone.com.cn/en/
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