Global Property Register to address Nigerian Property problems
If you are not a programmer but carefully follow all news about Bitcoin and other cryptocurrencies, then sooner or later you might come up with the question; “can I create my own cryptocurrency?”
Nigeria’s population is projected to grow by two and a half times by 2050 to 500 million, Our land size in 2050 will still be 923,723 square kilometers, that means population density will jump from 204 people per square kilometer in 2016 to a projected 550 people per square kilometre in 2050’
This will lead to incessant and persistent conflicts over land and property as people become bottled up in a smaller land area.
- Title documents gets stolen deliberately or mistakenly burnt
- Or lost
As our land becomes smaller these issues will make land more
– Expensive due to scarcity
– And difficult to determine ownership
GLOBAL PROPERTY REGISTER aims to provide a solution to all these problems; is revolutionizing the way land and property inheritance and administration works around the world. With the help of the powerful blockchain technology that ensures the genuineness of property titles, the system also incorporates Artificial Intelligence and GIS (Geographic Information System). Future versions will include features like GPS (Global Positioning System). It presents an innovative, decentralized system where people will be able to enter their land registration information. This will prevent any other entity from claiming that property to be their own.
Global Property Register is here to overcome the shortcomings and issues associated with conventional systems. While in many countries there is no central way or a very expensive means to claim a title for your own property. In some countries, the poor are exploited by the rich who claim their rights on their lands and property by hiring lawyers and affording expensive documentation. It is important for a property owner to prove that they’re the owner or they can’t pass it on as an inheritance easily. In addition to this, when using the property as a collateral for the loan, the person will need to prove to the lender that they are the real owners.
Access to our solutions will be via the blockchain, you will need to possess our tokens to use the solution. In this vein, we are pleased to announce that our initial token sale will commence this November. This is called a Pre-ICO ( Pre-Initial Coin Offering). During this period, members of GPR will have the opportunity to purchase the tokens at a significant discount. The tokens will be used to register properties on the platform.
Read more: http://www.digitaljournal.com/pr/3976662#ixzz5UCxeT0th
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