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Secure Property Titles with Owner Authority | Satoshi Nakamoto Institute

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The advent of writing greatly improved the tracking of property rights, and indeed gave rise to our modern systems of property rights and law. However, written records have proven to be quite vulnerable to abuse. A common pattern during eras of political instability or oppression has been the confiscation of land via the forgery or destruction of public records. Reconstruction from informal records, such as residency recorded in phone books, even when possible is costly and fraught with error and potential for fraud[1]. Large amounts of, in some areas most, property in developing countries is not formally titled[2]. Even during eras of political stability in developed countries, there occur many expensive problems with titles.[3] Straightforward transcription of written records into a centralized online repository would make many of these problems even worse – electronic records can be highly vulnerable to loss and forgery, and insiders are the most common source of such attacks. This

External link The advent of writing greatly improved the tracking of property rights, and indeed gave rise to our modern systems of property rights and law. However, written records have proven to be quite vulnerable to abuse. A common pattern during eras of political instability or oppression has been the confiscation of land via the forgery or destruction of public records. Reconstruction from informal records, such as residency recorded in phone books, even when possible is costly and fraught with error and potential for fraud [1] . Large amounts of, in some areas most, property in developi

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