Propy launches the First Pilot in the US for blockchain land registry
This content is provided by a sponsor
According to the announcement of the company, their products would consist of a global real estate property store, a transaction recorder and a global land records registry that was free of jurisdiction.
The report did not, however, mention how the outlaw nature of the blockchain planned to respond the issue of overlapping or conflicting interests among diverse jurisdictions worldwide, or how many of those would be interested in giving up their sole monopoly for land record management for the global blockchain-based system.
The CEO of Propy Inc., Natalia Karayaneva, was quoted to have said, that the pilot project was to demonstrate how blockchain technologies can be useful in reducing costs of governance, improving the efficiency of management systems and furthermore improving their security in the way the data integrity can be guaranteed.
City Clerk Donna Kinville, a representative of The City of South Burlington, VT, USA, was quoted to have said, that the city was “always interested in taking advantage of technology” to enhance delivery of its services to the residents. Furthermore, the Clerk noted, that the City of Burlington was keen to learn more during this pilot with Propy Inc.
Furthermore, earlier a California-based news agency PRNewswire described The State of Vermont, USA, as having a “blockchain-friendly legislation” and that the State was “attracting innovative technology companies”. Furthermore, the agency noted, that this pilot demonstrates, that the State of Vermont has provided their full support and active participation in some technology companies.
Finally, the same news agency noted, that a number of blockchain engineers from Fortune 500 companies, and other experts and industry leaders had joined the efforts of the founder of the company, Propy Inc., Natalia Karayaneva. Her relevant experience as an international real estate broker, developer and as a serial entrepreneur was mentioned in the report when describing the company and the pilot project.
Along with the announcement, the company noted, that it has offices in Bulgaria within the European Union and Ukraine, in addition to the Palo Alto headquarters in California, USA.
About Propy:
Propy is the world’s first international real-estate marketplace. The team at Propy.com facilitates connections between international entities to enable the seamless purchase of international real-estate online for the first time. It aims to solve the problems facing international real estate transactions by creating a novel unified property store and asset transfer platform for the global real-estate industry.
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.
