Topic: [ANN] PROPY - Global Property Store with Decentralized Title Registry - page 5. (Read 128342 times)

really? i will wait from team before i like hear news about successfully new platform. all waiting this goodnews because it will change your life soon

Is there a successful deal? I'd like to know.

They have ready platform? But why I didnt hear about any sales on their platform? They sold at last some real estate through their platform already?

Propy's journey a year has been, a great development and attractive paltform with the concept of real estate that is still running well, Propy is able to make it more widespread and increasing.

In terms of cross-border, Propy is doing only in-bound now (i.e. foreigners buying US properties)?

This is really wonderful article I hope everyone would like this professional approach. The team is already pushing this platform towards mass adoption and trying their all the best to bring more attention for use of cryptocurrency in daily life.

How the deal in California unfolded

   1. Buyer
   2. Buyer’s broker
   3.Seller
   4. Seller’s broker
   5. Escrow (third-party financier)

Both the buyer and seller used Bitcoin as the currency for the transaction.

More - https://blog.propy.com/revealed-7-steps-to-selling-real-estate-on-the-blockchain-dfe1a43c6d05

This California Property Was Sold On Blockchain Without Using Banks

PALO ALTO, California - Propy, the global real estate store with a decentralized title registry, announced the successful execution of a historic real estate deal on the Blockchain in the State of California. With Propy’s Transaction Platform, every step of the deal was executed via Ethereum smart contracts, making this the first comprehensive blockchain-recorded property deal in the state of California and only the second in the world.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/this-california-property-was-sold-on-blockchain-without-using-banks/

Propy Blockchain Real Estate Platform Sees California’s First-Ever Property Sale
https://bitcoinexchangeguide.com/propy-blockchain-real-estate-platform-sees-californias-first-ever-property-sale/?utm_content=74813079&utm_medium=social&utm_source=twitter

Propy, a decentralized and blockchain-based real-estate platform, has revealed that its system has successfully contributed to the buying of a new home in California, that is, without the involvement of a middleman, which in this case are banks.

Yes!

Cool!

Propy Executes Blockchain Property Deal in California

California blockchain startup Propy announced on Monday it executed its first blockchain property in California. According to Propy, the Bitcoin-to-Bitcoin sale of 10 acres of land in Southern California was processed through the Propy’s Transaction Platform and every step of the deal was executed through Ethereum smart contracts. Propy claims this to be the first fully-recorded blockchain transaction in California.

Propy reported that a California licensed realtor, Kate Fomina, represented both Luke Carriere, the buyer, and Diana Dominguez, the seller. Carriere paid Dominguez in BTC for 10 acres of vacant land in Kern County, California. The company reported:

“When the transaction began, Fomina was located in Hong Kong, Carriere was in New York, Dominguez was in Northern California, and the escrow agent was in the San Francisco Bay Area. Almost the entire cross-border purchase process occurred online through Propy’s Transaction Platform. The title deed was recorded on the Propy Blockchain Title Registry and on the public Ethereum blockchain.”
Propy also revealed that the property deal in California is the first complete transaction fully-executed on the Propy Transaction Platform, where every step was initiated by smart contracts and respectively recorded on the blockchain registry. The transaction was anchored and verifiable on distributed ledger technology, which gives complete security to the deal. By using smart contracts, the platform guarantees that the flow of transactions is executed according to regional regulations. While sharing more details about the transaction, Natalia Karayaneva, CEO of Propy, stated:

“We believe that blockchain technology can truly revolutionize the real estate purchasing process and the management of public records. Propy streamlines a complicated process into a simple online transaction, and we’ve seen significant traction in the industry already — buyers and sellers are increasingly turning to blockchains and cryptocurrencies. We’re excited to facilitate more property transactions, and reach more milestones in our goal to automate the real estate industry via blockchains.”
Propy added the transactions executed on the Propy Transaction Platform are legally binding, provide additional proof of ownership, and safeguard the transfer of ownership via traditional legal instruments.


https://www.crowdfundinsider.com/2018/07/136799-propy-executes-blockchain-property-deal-in-california/

https://www.marketwatch.com/press-release/propy-announces-the-first-california-property-sale-on-the-blockchain-2018-07-23

Propy meetup in Seoul!
https://www.meetup.com/ru-RU/Blockchain-Technology-in-Real-Estate/events/252662444/

Interested in blockchain or real estate? Then this event is for you.

We are on a mission to revolutionize the real estate sector through blockchain technology and we will be delighted to meet you!

After her participation at the Beyond Blocks Summit in Seoul, we are pleased to announce that Natalia Karayaneva, founder and CEO of Propy will host this follow-up event for fellow blockchain and real estate enthusiasts.

Natalia is a frequent speaker at major tech events such as TechCrunch and Consensus and she will share her experience and view on how blockchain can elevate the global real estate industry.

I think such projects as Propy are interesting for second growth cycle when real estate projects will have more positions than had before.

I believe in Propy and I think this project will become the leader in Real Estate field. Also, I'm very glad that Propy has an agreement with Ukrainian government as well.

I think that you are mistaken. If this token is used to purchase real estate, this does not mean that PRO will up price. In addition, buying real estate is very risky. Because of high volatility.

I would like to see a real report of the person who made a deal with the purchase or sale of real estate through this platform, and describe all the stages. I want to know how much use of the platform makes the transaction easier.

In Monte Carlo lot of things going on related to blockchain its usage in various industries. It is good to see Propy team availing every single chance to letting participants know about its platform and its potential of future with already completed transaction of real world's property. No doubt investing in PRO token can bring nice profit.