First Completely Blockchain-Based Real Estate Transaction In The US

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According to ZeroHedge, a US-based financial blog, a first completely blockchain-based real estate transaction in the United States was completed in Vermont.

The transaction took place in South Burlington, making it a “global blockchain leader”, according to ZeroHedge’s unnamed source.

Pilot Program

Pioneer transaction was a result of a cooperation with global Blockchain real estate marketplace Propy Inc, a company with a total market cap of around $17.7 million according to CoinMarketCap.

The use of Propy’s program in South Burlington had been announced in January this year. Propy’s previous steps to put real estate market onto blockchain, were already made in Ukraine, back in October 2017.

“This is only the beginning. With this transaction, we’ve broken first ground in putting the $217 trillion real estate market on the blockchain. We’re starting with Ukraine, but over the coming year we plan to facilitate real estate transactions with the use of PRO tokens in California, Vermont, and Dubai.”

– Natalia Karayaneva, CEO of Propy, said.

It seems as if she is well underway to deliver on her promise.

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