Land ownership records sit in government databases. Always have, probably always will.

So here's the thing about tokenizing real estate on-chain: the whole premise falls apart when you realize the ultimate source of truth isn't the blockchain—it's still the state. They control the registry. They decide who legally owns what.

Putting property deeds on a distributed ledger doesn't magically decentralize power when centralized authorities hold the keys to enforcement. The mismatch is pretty fundamental.