Technology has always been one of the best innovators and growth engines of any industry, and the real estate industry is no exception. The introduction of real estate blockchain companies like Propy into the American and European real estate markets is likely to transform those markets in more ways than we can imagine. Specifically, Propy’sdApp is a global property store that is set to revolutionize the real estate market. Let us review how the dApp can change the real estate market.
What Is the DApp?
In this case, the dApp is a complete ecosystem that is built with blockchain technology. It has an open API framework, and it is based on existing business and regulatory rules to ensure compliance with the established processes within the real estate industry.
Long-Term Goals and Impact on Real Estate
Although Propy’s current version is an initial one, the eventual goal of this dApp is to bring about more innovation within the real estate industry. It aims to make real estate transactions more secure and fluid; it will also give financial incentives to key segments of the industry to accelerate the change.
Propy plans to target both developed and emerging countries, in order to help investors across the world use blockchain technology. That is why Propy wants to introduce both fiat currency as well as cryptocurrency options for transactions. The introduction will help to facilitate international real estate investments on a global scale.