To make an international Real-Estate purchase, individuals need to work with multiple intermediaries including Brokers, Escrow services, Land Registry Services, as well as Money Transmitters. Piles of paperwork need to be compiled and signed.
Serious fraud happens on a regular basis due to confusing or malicious legal agreements. Property transfer requires months of waiting. This inefficient communication significantly hinders liquidity, reducing potential value for buyers and sellers.
Propy works with current legislation to facilitate transactions while also providing a superior blockchain infrastructure which can be adopted by various entities to reduce redundancy and fraud.
For example, Propy has agreements with Land Registries/Recording offices to use blockchain hashes for each ongoing transaction.
Total Supply: 100,000,000
Standard: Ethereum ERC20
Type: Utility token type
- Write-access in Propy Registry