Why Propy Chose Vermont
Why did Propy choose Vermont? That is an interesting question. Well, if you look through the legislation that has been passed in Vermont over the last few months, you will know that the state is actively looking for tech investments and has a friendly and welcoming blockchain policy. Thus, Propy, which is known for its innovative real estate blockchain platform, decided to choose Vermont for this pilot project.
What Is This Blockchain Deal?
In this pilot project, all of the documents involving the transfer of rights, ownership, and interests from one entity to another will be stored in contiguous blocks with blockchain technology. The biggest advantage of doing this is that these blocks and the content cannot be changed; thus, this creates authentic proof of record. Additionally, the content will be visible to all relevant parties, which increases transparency.
This pilot project has the full backing of Vermont’s governor, Phil Scott. It has been possible with the hard work of his staff and the innovators and engineers at