Propy Partners with South Burlington, Vermont, to Implement Blockchain-based Services
HomeCryptocurrency NewsBitcoinist.com

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 esta...

Paxful to Make the World a Better with #BuiltwithBitcoin Initiative
Coinbase Confirms Drastically Overcharging Users Debit/Credit Purchases, Draining Accounts
CPChain Expands Their Team and Partnerships to Support Their Blockchain-Based Vision for IoT

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.

Blockchain-Based Propy Breaks New Ground in Real Estate

Propy is a revolutionary property platform using blockchain technology to trade properties in many countries. Transactions can be completed using both fiat and virtual currencies, making cross-border payments an easy reality.

The international platform has offices in the US, Bulgaria, and Ukraine, as well as a professional team, comprising both blockchain and legal experts, that provides a secure and safe system for their clients.

Excitement over New Venture

The initiative is also making use of the services of Gravel & Shea, a Burlington-based legal team that specializes in blockchain-based commercial developments.

Natalia Karayaneva, CEO of Propy, had this to say:

The Propy pilot will showcase the savings of blockchain distributed technology, furthering Vermont’s and the City of South Burlington’s goal to achieve more cost-effective government. In parallel to making land record management systems significantly more efficient, Propy’s additional safeguards ensure additional data integrity.

Michael Schirling, who is the Vermont Agency of Commerce and Community Development Secretary, discussed the agency’s excitement for the project:

The announcement of a pilot project to utilize blockchain technology in real estate transactions is emblematic of Vermont’s long history of innovating business, insurance, and financial technology. We are fortunate to have a cutting edge statutory framework that enables the use of blockchain technology, and we will continue to work with the legislature to ensure Vermont remains at the forefront of these innovations.

Blockchain Tech

Donna Kinville, the City Clerk of South Burlington, touched on how this type of technology can improve service delivery:

The City of South Burlington is always interested in taking advantage of technology that enhances its delivery of services to residents. We are ready to learn from this Propy pilot.

Vermont Sees the Power of Blockchain

Vermont has embraced the power of blockchain and continues to consider the benefits that it can offer their government, their fintech sector, and the state as a whole.

By collaborating with a private blockchain-based platform, the Vermont and South Burlington governments are sending a clear message that they are more than willing to provide support to these platforms to essentially serve the greater good of the technology sector and economy of the city and state.

What do you think about Vermont’s willingness to embrace blockchain technology? Let us know in the comments below!


Images courtesy of Wikimedia Commons, Flickr, and Bitcoinist archives.

The post Propy Partners with South Burlington, Vermont, to Implement Blockchain-based Services appeared first on Bitcoinist.com.



from Bitcoinist.com http://ift.tt/2nbt5Lx
Name

Bitcoin News,5117,Bitcoinist.com,4741,Cryptocurrencies,4741,Cryptocurrencies Latest News,5117,Cryptocurrency Latest News,4741,Cryptocurrency News,9858,
ltr
item
Cryptocurrency Latest News: Propy Partners with South Burlington, Vermont, to Implement Blockchain-based Services
Propy Partners with South Burlington, Vermont, to Implement Blockchain-based Services
http://bitcoinist.com/wp-content/uploads/2018/01/flickr-real-estate-sign.jpg
Cryptocurrency Latest News
http://cryptocurrencylatest.blogspot.com/2018/01/propy-partners-with-south-burlington.html
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/
http://cryptocurrencylatest.blogspot.com/2018/01/propy-partners-with-south-burlington.html
true
1236144943044321696
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy