[ChainOfFools]

Blockchains that do not have a built-in motivation for all member nodes to comply with the protocol in order to keep the data on it secure and reliable, these are the ones that require motivation in the form of a lottery token assigned some speculative value[0]. This is the case for all intentional (and unintentional) cryptocurrencies and cash-redeemable blockchain tokens.

But if there is a motivation inherent to the value of the data itself, for example in the case where a common ground needs to be constructed from a number of otherwise-unaffiliated private or semi-public parcels of terrain, and the usefulness all of the parcels increases through the construction and maintenance of this common ground, then no simple financial motivation is necessary for all of the participants to agree that none of the participants should be the sole or majority custodian of this common ground.

In this case a blockchain can actually make some sense, although it's arguable that it is still a needlessly wasteful way to achieve this goal since blockchain security is derived from triggering a competitive resource arms race between all members, which collectively makes tampering by a non-member impractically expensive to attempt and highly likely to destroy the whatever value or purpose the outsider wishes to usurp even if they succeed.

That said, the fact that this record is being established as an asset on top of a garden variety pyramid scheme lottery token blockchain, tezos, rather than on a club blockchain whose tokens have no presence on any exchange, undermines even this hypothetical and charitable interpretation of this project.

[0] disclosure: "assigned" and "value" in this space mean very different things to a blockchain believer and a skeptic. My username would have the word Block prepended to it if HN allowed a few more characters. So this opinion is coming from someone decidedly on the skeptic side of this issue.