Digital Property Law Basis For Commerce
Virtual Property And Developing Countries A
Paradigm For Stability?
Two global advances made possible by virtual property in a
metaverse—the Internet and 3D technology.
Is it possible that the creation of virtual universes, the opportunity they
provide for secure property rights and the commerce they can generate
could have a significant positive impact on developing countries?
That’s quite a bold question especially when the assumption of this
author is that the answer could be yes. Article 17 of the Universal Declaration
of Human Rights, adopted by the United Nations General assembly
in 1948, declares that, “everyone has the right to own property
alone as well as in association with others.” Although most developing nations have
claimed to maintain this standard the reality is many people have not had the opportunity to own and
develop property, therefore leaving them at a tremendous disadvantage to produce wealth. (See Hernando de soto's work in peru)
In many 1st world countries people take for granted the idea that hard work can allow a person to purchase
property, develop it, and make a profit. Many have suspected that the development of certain
countries has to do with the rules of law allowing for personal ownership in a stable legal economy. In
many countries this type of stability does not exist.
However with the advent of virtual universes any citizen in the world with access to the Internet has the
opportunity to purchase property add value to it and aggregate wealth. The idea behind a stabilized and international property law like what is presented in the Virtual Global Nation Model is that it provides for a means to empower people all over the world. This in turn becomes a capital aggregation strategy, which in turn leads to economic development and prosperity.
- Semantic relationships
- Communications Platform
- Commerce Platform
- Voting Platform
- Educational Platform
- Learning theory
- Digital property and business
- Coherence and consistency
- Self-refining information environments
- Informed consent and better information
- A better search engine
- A learning engine
- Commerce and communications environment