The venture capital arm of the U.S. National Association of Realtors has invested an undisclosed amount in blockchain real estate startup Propy.
CoinDesk
Propy Partners with South Burlington, Vermont, to Implement Blockchain-based Services
The blockchain-based real estate platform, Propy, is collaborating with the city of South Burlington, Vermont, to streamline their real estate record-keeping process.
Even though blockchain may be most well known for being the supporting technology of cryptocurrencies, it can be used in most industries, especially those that rely heavily on recording data.
According to Cision, Propy, a blockchain-based property platform, is partnering up with the City Clerk’s Office of South Burlington in Vermont to test out the viability of using the technology to record real estate conveyance documents.
