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RE: Putting Property on the Blockchain, Propy (PRO)

in #bitcoin7 years ago

All the parts of the real estate sale are put in smart contracts. When the transaction closes the contracts are written to the Ethereum blockchain. Then the record is stored in the Propy Registry which Propy hopes govts will adopt as their solution for storing property records on the blockchain. That's the gist. Check out the white paper for the nitty gritty.