DECODING THE TREND | Vol. 5 The 1 Sq. Ft. Mirage: When Blockchain Meets the Registry—And Neither Wins By Arindam Bose ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ The Key That Disappeared In the old world, if you owned a shop, you had a key. Not a metaphorical key. Not a "user access credential" or a "beneficial interest recorded on a distributed ledger." An actual, physical piece of jagged metal that fit into an actual, physical lock. That key represented something the law calls indefeasible title—ownership that cannot be defeated, challenged, or taken away without due process. It meant that at 11 PM on a Tuesday, you could stand inside that 400-square-foot slice of concrete and know, with absolute legal and practical certainty, that it was yours. Not yours-subject-to-platform-terms. Not yours-via- SPV -exposure. Not yours-as-long-as-the-blockchain-stays-online. Yours. The deed sat in your bank locker. The Sub-Registrar had your name. The State co...