Blockchain, in the simplest of terms,

is an immutable ledger that is used to track and record financial transactions. Blockchain also allows for a currency conversion (including crypto) to make the process of buying a home quicker and easier, without the risk of wire fraud.

Technology built into blockchain

will allow for unlimited possibilities when it comes to deed registration in addition to all of the documents that go along with the home buying process.

Often times real estate professionals

make the mistake that “going paperless” is ensuring that their documents are all in a fully secure environment. While that has been the standard in the industry for a while now, going “paperless” does not necessarily mean that you are fully secure.

Benefits

Secure storage & wire fraud protection

Flexible payment gateway

Integrated transaction management workflow

Cutting edge technology with a sleek user interface

You will hear the term “Smart Contracts” as it relates to Blockchain, a smart contract is the usage of software in conjunction with blockchain, in which the parties that are invited to “the deal” are already operating in fully secure environment aka “Smart Contract”. Parties can then agree to interact with each other and invite other participants in, only to the areas of the transaction that they need to participate with. Propy’s transaction platform, built with blockchain and smart contracts is a much more secure way to enter into a real estate transaction, than we have ever had before.

Propy is the first to the game to offer this type of secure transaction processing. Our transaction platform built to integrate with smart contracts offers a great way to apply blockchain technology in the real estate industry. There are several advantages of smart contracts such as:

Transparency

Immutability

Security

Efficiency

The contracts and forms that apply to your real estate transactions, such as your state, local association, or brokerage are also built into Propy so you have access to them and can easily collaborate, sign, accept offers and wire transfers to get the deal done without any worry of fraud.

The Propy solution that is built using cutting edge technology will put your operations at the forefront with innovative and reliable real estate management solutions.

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