Propy Inc., the global Blockchain real estate market headquartered in
Palo Alto, real estate in South Burlington, Vermont announced the launch of a pilot program that uses Blockchain technology to record documents. The development in question has been named “Blockchain friendly state”.
The organization, chaired by its founder Natalia Karayaneva, registered deeds in a safe and efficient way. It uses Blockchain protocols to keep it under. Propy can also provide a link between both sellers and real estate agents and buyers.. In addition, it can provide information to the buyer about the neighborhood where the properties are located.
Vermont Agency for Commercial and Community Development‘s development secretary Michael Schirling stated in their press release that the pilot project is as follows: said:
“Vermont has a track record of innovation in commerce, insurance and financial technology. We are fortunate to have a highly legal framework that enables the use of Blockchain technology. We will continue to work with legislatures to ensure that Vermont stays at the forefront of these innovations.”
2015 Vermont had passed a law on economic development that included a section on Blockchain technology. The law mandated that a report be put forward on possible uses of Blockchain for government, such as verifying government records and using smart contracts.
The real estate industry has long been Blockchain uses protocols and tokenization. In the US, Miami real estate industry has embraced cryptocurrencies, New York and Tahoe Real estate deals on Lake included Bitcoin transactions.
In addition, Dubai and Bali’
Some properties in strong> were also put up for sale for Bitcoin. Propy also previously launched a pilot program in August 2017 by partnering with the country’s e-management agency to enable foreign investors to purchase property in Ukraine.
Join our Telegram channel to be informed about all developments and shares!