Page 28 - February 2018 Disruption Report Flip Book
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THE FUTURE FINANCIAL INFRASTRUCTURE FJEABNRUUAARRYY 22001188
In South Burlington, VT, the global startup Propy is launching a pilot program with the city’s clerk’s office to use blockchain technology to record real estate conveyance documents, using blockchain technology. Propy chose Vermont for its first pilot for real estate transfers because the state was the first to enact blockchain legislation. The company will likely target other blockchain- friendly states, including Nevada, Arizona, Deleware and Illinois, according to Propy CEO Natalia Karayaneva.
In December, Propy rolled-out the alpha version of its blockchain-based transaction tool that allows California residents to buy and sell properties using bitcoin. (Inman, Gill South, 01/24/18)
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