May 2018 Volume 44, Number 5 | |||||
First U.S. Real Estate Deed Recorded Using EthereumPropy Inc. has achieved a major milestone for cryptocurrency by initiating the first U.S. deed recorded using only blockchain technology. The Propy pilot project, launched in January in partnership with the City Clerk’s Office in South Burlington, Vt., used Ethereum to transact and record contracts and documents instead of using the city’s recording system. City representatives say that Vermont’s legislation allows for the flexibility to use blockchain in real estate transactions.
“The Propy pilot will showcase the savings of blockchain distributed technology, furthering Vermont’s and the City of South Burlington’s goal to achieve more cost-effective government,” said Natalia Karayaneva, CEO of Propy. “In parallel to making land record management systems significantly more efficient, Propy’s additional safeguards ensure additional data integrity.” |
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2019 Federal Budget Housing Outlook 2017 Homeownership Rate Increased Despite Shortage of Homes RE/MAX Set to Launch Marketing Automation Tools for Agents First U.S. Real Estate Deed Recorded Using Ethereum More Homebuyers Bidding on Homes Sight Unseen Millennials Most Active Homebuyer Group Homesellers Spy on Prospective Buyers During Open Houses Home Depot Donates $50 Million to Reduce Home Construction Shortage | |||
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