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Land Governance Challenges and Climate Change: Handling Pressures, Upholding Rights
July 1, 2020 @ 9:30 am - 10:30 am CEST
SESSION: Monitoring, Managing and Protecting the Integrity of Land Governance Systems, Land Registration and Land Claims from Climate Change Effects Using Blockchain Technology
Session is sponsored by, and organized by the Government Blockchain Association (GBA) and the Foundation for International Blockchain and Real Estate Expertise (FIBREE)
According to a 2018 U.N. climate report, the world has only about 12 years to reduce carbon emissions and avoid the worst impacts of climate change affecting many aspects of earth’s ecosphere including effects on property ownership, potential of land claims based on the changing nature of boundary lines and the subsequent changes in land administration policies and implementation of such policies and regulations.
Climate change as it relates to land, property ownership, zoning, construction, agriculture and other sectors are all being affected. These changes are bringing about risks we haven’t considered before. They will affect the attitudes of global real estate investment by the private sector and influence financing policies and loan underwriting for home ownership, home improvements and residential and commercial real estate development by both private and public institutions.
One of the biggest dangers of climate change is the displacement of world citizens and business from rising seas, flooding, and weather changes affecting practical and traditional land uses and land use policies. Climate change as it relates to land will also open up a Pandora’s Box of potential fraud and corruption.
Blockchain, the technology behind cryptocurrencies like bitcoin, is being discussed as one of the latest solutions to combat climate change and mitigate risks. There’s a lot of hype about this new technology and its ability to aggregate data and facilitate data analytics to the point where it will “solve climate change.”
Only two years ago there was little global discussion about blockchain and climate change. Increasingly we are seeing conferences, panels, workshops and open discussion on how blockchain could help mitigate climate change and subsequently create new improvements in land registration systems and land administration policies to counteract the onslaught of climate change and the challenges it will bring.
Can blockchain technology “solve climate change”? Can it mitigate risks? The proposed session on will dynamically address all of the issues related to blockchain, climate change and the potential of this new technology to help us respond and adapt to a new environment brought upon by climate change.