Many developing countries have problems with weak (or non-existing) institutions. It can be a problem to verify ownership of land, companies and tangible assets — as there are no reliable records and registers.
With Blockchain-based technology (the same technology that is the backbone behind digital currencies such as Bitcoin), such problems can now easily be solved.
It’s all about establishing a trusted ledger of ownership and transfers that cannot be tampered with. This is exactly what can be accomplished with Blockchain-based registers.
It doesn’t even have to be managed by the government. It can just as easily be set up by a chamber of commerce, a development organisation or a private company. The important thing is to provide solid records that can be accepted by everyone.
This would benefit agriculture, commerce and rule of law. And it would provide a stable base for economic development.
/ HAX
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