Buying Property Is No Longer A Tedious Task With Propy’s Smart Blockchain Solution

Buying Property Is No Longer A Tedious Task With Propy’s Smart Blockchain Solution

Startups
September 6, 2019 Editor's Desk
339
Real estate is changing at a rapid pace as buyers and sellers want property deals to close quicker. And it is honestly not too much to ask for considering the major shift and transformation that many industries today are going through due to digitalization.  And as much as buying a property is a tedious task,
Propy Real Estate Blockchain

Real estate is changing at a rapid pace as buyers and sellers want property deals to close quicker. And it is honestly not too much to ask for considering the major shift and transformation that many industries today are going through due to digitalization. 

And as much as buying a property is a tedious task, Propy aims to digitize title deeds through the power of blockchain. This helps us save both time and money.

Propy is quite easy to use as all the papers are signed, funds and title are transferred – all securely via Propy and at the comfort of your home, literally anywhere in the world!

They believe in a world where barriers to real estate ownership are removed. 

Thus we can say that Propy aims for a future where real estate becomes a liquid asset that anyone, anywhere can manage. 

By deploying smart contracts on the blockchain they are taking a step towards revolutionizing home purchasing globally.

Propy is the home to disruptive solutions which help buyers find a dream home, sellers find the best buyer, the agents and the title company to do the paperwork online. 

All these benefits through a simple, seamless online process.

It all started back in 2016 when on September 15th Propy launched the listing platform. They began working on a transaction tool prototype in December of that year. 

On July 17th, 2017, they released a whitepaper detailing their platform, vision, and future goals.

They even held an ICO that began on 15th August, 2017 that ran for a month.  It was run on the ERC20 platform, with a 35 million token pool. 

This was considered as a massive win for the company as they sold approximately 16 million tokens for $1 each.

Natalia Karayaneva the CEO and founder of Propy has over 12 years of experience in real estate development. She has a Master’s degree in Sustainable Urban Development form Oxford University and founded her first company at a young age of 19.

Karayaneva is also an award-winning and internationally recognized expert in real estate, with a focus on cross-border real estate transactions and sustainability in real estate.

Propy aims to revolutionize the global real estate market, which has an estimated value of $217 trillion. 

“Propy’s spirit of innovationand their mission toreduce costsfor government and residents alike compelled me to participate in the first blockchain deed ever recorded in the US.” ~ Kate Purcell, the seller who transferred her property in Burlington, VT using Propy’s innovative blockchain technology.

They have even introduced a Propy app for both iOS and Android. So now you don’t even have to sit in front of your computer to list properties for sale, you can just do it that through the app. 

This has huge advantages as now there is no need to keep waiting for third parties. You will be notified of every step on your phone.

A year of innovation was what 2018 looked like for Propy. They built their product then made many ‘first ever’ transactions to polish its performance further.

Now, they believe it’s time for adoption and scale. So for the current year they dream of growing to new heights with new deals and help transform the real estate industry.

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