An automated custodian becomes an asset’s legal owner and registrar, maintaining the authoritative register of interests in the asset.
and possession or use of the asset.
on the registrar’s property rights, without requiring any new legislation.
Authoritative because the registrars hold legal title to the registered assets and act in respect of those assets. If the register says you acquired legal title, you did, and any other claim which is not recorded on the register is disregarded.
Clear, enforceable property rights for land are huge facilitators of economic development because it allows the poor to borrow money to make investments in their own productive capacity, bringing them out of poverty.
The first is the financial beneficial interest,
The second is the right of use.