The Trump administration is reportedly a postwar plan for Gaza that proposes utilizing tokenized land and digital tokens to relocate and rehouse residents beneath a possible US takeover.
The Washington Post reported on Sunday {that a} 38-page prospectus for a post-war Gaza, known as the Gaza Reconstitution, Economic Acceleration and Transformation Trust (GREAT Trust), would see the US take over the Palestinian territory beneath a trusteeship for no less than 10 years.
It would displace 2 million Gazans in a “voluntary” program, whereas providing them a specialised token for his or her land that might later be redeemed for an residence in one in every of as much as eight deliberate “good cities” or for relocation elsewhere. Their short-term housing and meals would even be sponsored for as much as 4 years beneath the plan.
The proposal has already attracted criticism, with Muslim civil rights group the Council on American-Islamic Relations saying the “takeover of Gaza and the mass theft of Palestinian land by way of a digital token scheme will not be solely morally abhorrent and unlawful beneath worldwide legislation — it might quantity to a struggle crime of historic proportions.”
The Washington Post reported that the most recent proposal was created by the individuals who spun up the US and Israel-backed Gaza Humanitarian Foundation, which is distributing meals in Gaza, with the doc’s monetary planning performed by a group that labored for the Boston Consulting Group on the time.
The Post reported that two folks accustomed to the planning stated main parts of the plan had been created to implement US President Donald Trump’s plan for Gaza. Still, it’s unclear if the plan is what Trump envisioned or whether it is being thought of.
Plan to place post-war Gaza on the blockchain
The prospectus pitches an “progressive funding mannequin” to make use of a land belief and “develop a blockchain registry for land and tokenization to boost liquidity.”
It would tokenize Gaza utilizing a blockchain “as report of possession,” with the land being break up into tokens to permit for “fractional possession.”
The tokens could be bought to traders and could possibly be used to fund “reconstruction and humanitarian efforts” and supplied on secondary markets for crypto customers to invest on, with “all token transactions [recorded] in [a] blockchain register.”
Gazan landowners could be given a token for handing over their land to be redeemed for money or an residence within the strip. Each Palestinian who leaves the territory could be given $5,000, 4 years of lease subsidies and meals for a yr.
Returns on the scheme “could possibly be reinvested in a brand new devoted Palestinian Wealth Fund for the advantage of future Gazans,” the plan reads, although it says the plan could be extra worthwhile if it may enhance the variety of Gazans leaving the territory, claiming it’s $23,000 cheaper to relocate them.
AI-powered “good cities” to be constructed on war-torn strip
The reportedly circulating prospectus would see Gaza rebuilt with between six to eight “fashionable and AI-powered, good deliberate cities” the place all companies and their economies would run on “ID-based AI-powered digital methods.”
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It additionally plans 10 “mega-projects,” together with ports, a freeway, a railway, an AI datacentre, Dubai-style synthetic resort islands and a so-called “Elon Musk Smart Manufacturing Zone.”
The blockchain-infused plan comes as US President Donald Trump and his household deepen ties to the crypto trade after Trump stated in February that the US ought to “take over” Gaza to make it the “Riviera of the Middle East.”
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