Propy Turns Real Estate Investment into E-commerce by Developing Blockchain for Title Deeds

1131
ADVERTISEMENTScreditx RoboRobo Dreamtime

Share with:


Propy, a Blockchain real estate startup has announced its new service that will completely secure and automate the real estate transaction process globally. Propy’s technology will allow countries to adopt a comprehensive real-time database for real estate, and implement the Blockchain ledger for land registries and title companies free of charge.

natalia-karayanevaPropy, founded by CEO Natalia Karayaneva, is revolutionizing the real estate purchase and property transfer process, just like Charles Schwab completely transformed the stock brokerage business 20 years ago from offline to online trading. In particular, Propy leverages Blockchain technology to deliver the following benefits:

  • Secure Asset Transfer: Propy facilitates absolutely secure transfer of assets by enforcing international data standards for property transfer and providing an additional standardized distributed ledger to the existing title registrars in the US, EU and other countries. With Blockchain technology, property title records cannot be manipulated or adjusted without consensus of all participants.
  • Automated Transactions: Propy offers a complete search, evaluation and execution platform for cash property buyers. The platform will provide users with the ability to financially settle the transaction and receive the documentary evidence of a title deed on completion of the transaction – thereby completely automating the transaction experience.  
  • Cost Effective: By reducing the need for human interaction during the real estate transaction process, Propy enables investors to seamlessly buy and resell properties online while minimizing cost, error and fraud.
  • Transparency: Propy applies Blockchain in real estate registries to allow countries to develop a real-time database of property title portfolios accessible by anyone or within a permissioned environment with read access for 3rd parties such as Propy. The global ledger will be extendable with nation-specific rules and regulations.

Currently one third of the world real estate transaction volume is cross-border, valued at $340 billion over the past year with an annual growth rate of 13% – and a significant share of capital is from China. However, there is no single tool to search for and transact real estate globally. “The explanation of the missing technology is that there is no international standard for an electronic property rights registry. Each state keeps its own register and establishes national rules of property deeds,” said Oleksii Konashevych, PhD researcher and legislative specialist at Propy.

“Propy is set to unify and standardize property listings in global cities. With their ability to provide instant purchase deposits and manage transaction payments, Propy is automating the purchase process all the way to online title delivery. It is potentially a game-changer in our industry,” said Alain Pinel, general manager of Intero Prestigio International and founder of Alain Pinel Realtors.

For more information on Propy, please visit www.propy.com and download the mobile application at iTunes.

Propy, Inc. is a cross-border real estate platform that connects real estate investors and brokers worldwide. Through its web-based platform and mobile application, international property investors can access its revolutionary one-stop-shop to search for investment opportunities, especially sustainable real estate properties, in key markets around the world. By leveraging Blockchain technology for title deeds, Propy facilitates secure and automated online asset transfer for international property investments.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles
advertisementBlockchain Expo