Vermont Proves ‘Blockchain-Friendly’, Hosts Real Estate Pilot Program

Propy, Inc., a Palo Alto-based global Blockchain real estate marketplace, announced the launch of a pilot program in South Burlington, Vermont to use Blockchain technology to record real estate documentation, the latest related development in the so-called “Blockchain-friendly” state.

The startup, headed by founder Natalia Karayaneva, uses Blockchain protocols to record real estate transactions on a ledger that governments can use to tie titles to properties securely and efficiently. Propy also works to match buyers with both seller and brokers and offers information on neighborhoods where the properties are located.

Michael Schirling, development secretary at the Vermont Agency of Commerce and Community Development, said in the press release that this pilot project 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.”

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