A proposal reportedly developed by the Boston Consulting Group (BCG), with the involvement of the Tony Blair Institute, has sparked a wave of outrage by suggesting the sale of land in Gaza through blockchain tokens after paying #Palestine for them to leave. The plan also includes rebuilding the area with artificial islands and a "blockchain trade initiative" in the style of Dubai, even featuring themed areas for Elon Musk and Donald Trump.
Fierce backlash from Palestinian activists
This proposal, reportedly shared with the authorities $TRUMP , suggests paying half a million Palestinians to leave Gaza in order to attract private investors to redevelop the area. Public land in Gaza would be placed into a trust fund and sold through "digital tokens traded on the blockchain."
Palestinian activists have vehemently condemned this plan, describing it as not only "grotesque" but also "diabolical." They argue that this is an attempt to "steal all Palestinian land and sell it back to them." A source told the Financial Times that BCG's financial model predicts that 25% of Palestinians will leave, as relocating would be cheaper than supporting reconstruction.
The potential of Tokenization and the ethical issue
This plan showcases a form of real asset tokenization (RWA), a growing trend in the crypto space. However, activists strongly oppose it due to the opportunistic and unethical nature of the proposal in the context of violent conflict.
Experts also express skepticism about the technical and legal feasibility of tokenizing land in a complex and contested area like #Gaza . Implementing commercial-scale real estate tokenization, even in the simplest cases, is still 2-3 years away, let alone in a war-torn and politically volatile region.