Yesterday, it was announced that startup Propy and the U.S. city of South Burlington completed a blockchain trial for real estate transactions. Propy implemented its blockchain registry system for six weeks in parallel to the city Land Recorder’s office.
Property deeds filed with the U.S. Land Recorder’s office were also fed into Propy’s title registry software. While Propy is best known for providing real estate transaction management software for brokers and agents, it also has a title registry solution for government departments, which was the subject of the South Burlington trial.
Real estate titles registered using Propy’s solution include an address on the public Ethereum blockchain.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
