Long Term Benefits
We are crowd sourcing the microbial mapping of the world
Humans need a safe place to sleep every night.
Land rights and human rights go hand in hand.
Summary:
For decades the developed world has tried to help the developing world
Peace Corp 1961
IMF and World Bank 1940s
USAID 1960s
We could list more, however the question is, what do we have to show for our efforts?
Most developing countries suffer from corruption and mismanagement
If the above organizations had required surveying mapping
Public Land Records
Lending to individuals along with governments
Required political leaders to surety bond using personal homes and real estate to as collateral
Promoted individual ownership of land with public records
Property taxes public records
The developed world would have more to show for the decades and trillions of dollar
Individual ownership of property saves lives
Property Rights and Human Rights go hand in hand
The right to raise your children in a secure domicile
Dr. Hernando De Soto Perú (The mystery of Capital and The Other Path)
Economic ideas recognized but difficult to implement until now
Microlending entices phone app registrations. Microloans using blockchain cryptocurrency, funding transactions become traceable. Phone app users digitally register their business. Business owners and homeowners use apps to survey their land boundaries. As data is uploaded we convert squatter rights to homestead rights. We are creating a database for public records and property taxes. Cryptocurrency = Goods and Services bypassing paper currency starves corrupt leaders of their tax revenue. Crypto digit dollar barter system. Microlending can be targeted to encourage economic migrants to stay in their home countries and have ownership of land. Eventually the government sees steady tax revenue through property taxes. Over time all land ownership records become digital and public. Voters begin to see who owns what land and are they paying their taxes. Sunshine is the best disinfectant.
Large swaths of land can be surveyed using drone technology
Areas held by drug cartels or guerilla group can be offers land in exchange for guns
Microloans for farming, schools, hospitals using homes and business for collateral
Police and Military are offered land and homes for their service
The land is no longer a dormant asset, tax revenues fund the government and everyone has a stake
As the database grows economies evolve
Crypto becomes the currency of choice eliminating $100 dollar bills in suitcases
Registration of business creates ownership which can be sold for profit
Transferring title from seller to buyer is shortened real estate markets grow
Insurance and Banking follow
Blockchain replaces title insurance and the need for attorneys
The cost of printing currency is eliminated
Once tiles to real estate are establish foreign purchases of real property increase
As developing countries stabilize rules for foreign investment of land and ownership rights
More money flows to the country as foreigners are allowed to take tile and they pay taxes
Having a clear chain of title creates a title chain for future investigations
Legal law suites with assessed judgments now have a real property asset to lien
Life liberty and the pursuit of … PROPERTY the original words from Jefferson
We know this is not a panacea but only a small piece of a complicated puzzle