No no no. I'm talking about moving existing property rights from paper to blockchain. Since those "legacy rights" are a subject to specific jurisdiction, so will their representation on the blockchain. So if you own real estate in Puerto Rico, you go to the court in Puerto Rico if there is a problem, even if you live in Germany (or more likely you hire legal representative in Puerto Rico to fix the problem for you). For the sake of resolving conflicts it doesn't matter if you have paper deed or a key to NFT on legally recognized blockchain that represents ownership of the house in Puerto Rico (in fact NFT form is better because it is harder to forge).
You are viewing a single comment's thread from: