Vermont is at the forefront when it comes to technology and innovation. The state has enacted many laws to create a conducive business environment for tech companies to start their operations there. One of the most groundbreaking deals is the one that it signed with
What Is the Vermont Legislation?
On May 30, 2018, Vermont passed legislation to use blockchain technology to effectively manage its public records in accordance with the existing legislation pertaining to safety, privacy, and security. This law that came into effect on July 1,
What Is Propy’s Role in It?
How Will This Impact the Real Estate Industry?
This deal is expected to transform the real estate industry. It will help more people to embrace blockchain technology for recording and storing transactions. Records stored on blockchain are immutable. The process is also transparent, as the records can be seen by all relevant parties at any time. Together, these aspects provide a high level of privacy, security, and authenticity. Certainly, this deal signals a new beginning in real estate.