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RE: Blockchain: Creating Enormous Wealth Through Property Rights

in LeoFinance3 years ago

I think one of the things that exacerbates what you are talking about here is the general corruptness of governments across the world. It seems in the third world countries the corruption is more blatant and allowed. Speaking out against it is likely to get you jailed or killed versus a civil infraction or no penalty like we have in the US. Blockchain could definitely help all of this though. Having an indisputable ledger of ownership would be cool. I guess the next step would be getting said government to acknowledge it as legit.

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It is actually beyond corruption. Certainly that is a big part of it especially in some of the 3rd world countries. However, there is something bigger.

Many countries like Peru are not over corruption (no more than others) but rather the inability to design property rights.

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