Swapping guns for property titles

Hernando de Soto, President of Institute for Liberty and Democracy

Many of the wars across the Third World… have all been about who owns what.

  • The Institute for Liberty and Democracy (ILD) works with developing countries to implement property and business rights reforms that provide the legal tools and institutions required for citizens to participate in the formal national and global economy.
  • They say ownership is unclear in much of the developing world, so five billion people are affected by problems of environmental damage, war, crime or neighbours not getting along.
  • To resolve this they are using blockchain technology.
  • The ILD is led by renowned Peruvian economist Hernando de Soto who was previously a governor of the country's central reserve bank and is known for his work on the informal economy.
  • He started the ILD after becoming frustrated with the red tape involved with running businesses in Peru, where the legal system seemed to benefit a select few, while most lived outside the law.

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