Land Backed Crypto Seeks to Build on Blockchain Based Land Registry

Have you been waiting for the time when the blockchain steps up to solve one of the biggest problems in the current world? It seems to me that we are on the verge of that happening with the increasing adoption of the blockchain in countries like Sweden, Russia, India and the UAE (Dubai), where blockchain based land registry systems are being integrated with national based land registry systems. This brings with it a huge benefit in times of uncertainty.

Take for example times when a country is ravaged by war, millions of people are displaced, and the land that they had owned and farmed for generations is now in the control of someone else when the war is over, and they come home. It's a common occurrence in time like these, and it is virtually impossible in many cases where there are no records of ownership to rely upon for the land to be placed back in the hands of what many would agree is the rightful (pre war-displaced) owner.

Fieldcoin is looking at land from a slightly different perspective to most. With their coin, they aim to establish a fair and equitable system where land ownership is more transparent.

Fieldcoin has what looks to be a uniquely designed trade backed protocol with their coin being backed by the land value itself. The mechanics of this backing are interesting at this stage with Fieldcoin having a mechanism whereby if the value of the land drops below the tolerance threshold of 80% there will be a credit of sorts issued to the coin holder invested in that land for future redemption. The basics of this backing are outlined in the video below.

As a project that is entering the presale stage in July 2018 before going into their ICO in Q3 and Q4 of 2018, there is plenty of time for you to explore the project and dive deeper into what Fieldcoin has going on. I'm sure that as things begin to unfold you will see more about the Fieldcoin project here over the coming months.

Fieldcoin is building a peer-to-peer platform for people to exchange land property. Marc Couzic, the founder, has built an innovative trade backed protocol to avoid token holders losing the value of their tokens in case of market dips. Fieldcoin's project of combining the blockchain technology with agricultural land trading could become the most innovative and successful project of 2018 and beyond. As we watch this space we will let you know how Fieldcoin is going.

Please always ensure that you do your own research, this is not financial advice, and I am not a financial advisor.

This was originally posted on my blog at Land Backed Crypto Seeks to Build on Blockchain Based Land Registry and shared here to add value to the Steemit Community.

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