Propy – Buy or sell investment properties
Propy is a global real estate marketplace with decentralized title registry. We aim 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. Propy allows buyers, sellers, brokers, and escrow/title agents/notaries to come together through the utilization of a suite of smart contracts on blockchain to facilitate transactions. We provide a network for these actors to connect with each other and conduct real estate purchases online. The culmination of the transaction is a digital transfer of ownership on the Propy Registry. For more information about these processes and smart contracts, please refer to our white paper.
Link to Site: 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.
Propy, is the world’s first international real estate marketplace, aimed at solving the problems of purchasing property across borders. Propy facilitates connections between international entities to enable the seamless purchase of international real estate online. The Silicon Valley-based company is advised by Michael Arrington (founder of TechCrunch), Vinny Lingham (CEO of Civic), David Cowan (Partner at Bessemer Venture Partners), Alain Pinel (Intero Real Estate), Daniel Kottke (formerly of Apple), Mike Costache (Managing Partner at KrowdMentor & d10e), and Jeremy Gardner (EIR at Blockchain Capital).
Propy has been building a decentralized, global property store. This online store will rely on Propy Registry, built on ethereum blockchain to track global real estate ownership, as well as PRO, a utility token to enable the development of a thriving, self-sustaining ecosystem around this database and token holders.
As the Propy Registry evolves, we intend to incorporate a modular system into Propy’s smart contracts platform that allows regional governments to provide local rules and regulations related to real estate transactions.
Every state’s real estate transaction process contains some differences, but taking this first step in Vermont allows us to build a core of the product which can easily be used in the rest of the states with minimal customizations.
Propy, the global property store and decentralized title registry, today announced the world’s first real estate transaction on the distributed public blockchain network — Ethereum. TechCrunch founder Michael Arrington remotely purchased a $60,000 apartment in Kiev, settled via smart contracts and in Ethereum cryptocurrency and PRO (Propy) tokens — marking the first-ever cryptocurrency transaction in Ukraine and the first real asset transfer via blockchain. The latest transaction opens the door for many more remote real estate transactions on the blockchain.
Link to Site: Propy