Third World Land Disputes

//Third World Land Disputes

Third World Land Disputes

The use of crypto-currency and blockchain platforms in general are typically viewed to be limited geopolitically – a privilege of the developed world. Yet certain issues affecting common people within the developing world are giving rise to blockchain based solutions for their benefit, particularly when it comes to land disputes. Anyone can agree such problems occur in our world all the time, but in areas like sub-Saharan Africa, these problems stem from State corruption, limited access to financial services, and a lack of documentation regarding title deeds.

 

This is how these three trends come together in a rudimentary example. In Kenya, approximately two-thirds of land owners do not possess any formal documentation concerning the ownership of their land. The country currently does not have a fully-developed private industry where people in need of such documentation can get it for reasonable prices. The one reliable source of such services comes from Kenya’s land ministry, which is relegated to a tertiary status in relation to its more important government branches. The ministry, therefore, is strapped for resources, let alone its employees. It is very tempting then for a minister to accept a bribe from an entrepreneur, who has the resources to spend and has the will to acquire land, regardless if it’s unofficially owned by someone else or not.

 

Local blockchain developers recently have created a plausible solution which attempts to separate individuals from the yoke of the State, acting as third-party for these disputes. Through the use of an honor system, a blockchain platform is able to reward the first registration of a land claim with data-mined tokens. The award is decreased to a lesser degree on the second, third, and fourth registrations. The way equality is ensured is due to the existence of a penalization program that redacts earned tokens for illegal or erroneous claims. The general idea is to remove the ethical variables of the individual miners and replaces them with an ethical axiom within the system itself, reducing corruption, providing documentation, and creating financial institutions in one fell swoop.

 

There is, however, one caveat to the solutions proposed by local developers. At the current rate of development within the developing world, it is likely that the use of a single blockchain platform will become monopolized. While we cannot go so far as to suggest a monopolized platform is a breeding ground for more corrupt practices, the lack of competition within this emerging market may limit the people’s ability to compare and contrast financial service options, as well as to promote further development and improvement to existing systems well into the future.

 

Because we believe that blockchain is the future for the entire world, we won’t sit idly by and ignore the opportunity to present it as a solution for those who truly need it. That’s why we are fully committed to offering our hand to these areas of the world, in order to ensure continuous progress and a greater fulfillment of our most fundamental goals as a company.

By | 2018-06-22T08:20:00+00:00 June 8th, 2018|Uncategorized|0 Comments

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