Feels like NFTs applied to forests and coral reefs and stuff. What I don't get is how this requires people to actually protect those things in the real world. Sell your woodland hash and log the real trees; nothing stops the "double spend".
What I don't get is how this requires people to actually protect those things in the real world
As I understand it: it works mainly by changing the legal standing. Right now, nobody can sue for destruction of habitat because they would have to prove firstly how they are personally affected by said habitat. By using Natural Personhood as proxy, anyone can sue, using the Natural Person to provide standing.