The xR property policies and rights (including xR real estate, property rights, etc.) may be managed in a similar manner in a blockchain system as in existing property recordation schemes. However, rather than utilizing a centralized organizations or physical records for this, the blockchain 550 (or distributed ledger) will be leveraged to create immutable records for storing and memorializing such data (including ownership of property rights and real estate). Appropriate actors, especially property and object owners 500, will have the same control over their xR assets and property and may be able to generate revenue (as well as track and monitor) from virtual property or objects in the same way they do with physical assets.
In addition to decentralization, leveraging the distributed ledger nature of blockchain 550 may also provide the following benefits for xR property ownership: efficient transaction speed, increased trust and fraud reduction (via the removal of a central authority), and liquidity via tokenization (i.e., partial property ownership via tokens).
Owner 500 may be an example of, or include aspects of, the corresponding elements described with reference to