Propy

Real estate transactions can be slowed down, mired, and halted by complicated transaction processes. Through innovative software development, Propy has simplified transactions by creating a unified property store and asset transfer platform that makes investment easier.

In an online suite of smart contracts (contracts that are performed digitally), Propy connects buyers, sellers, brokers, escrow agents, title agents, and notaries. The transactions are based on blockchain, technology that encrypts data and transactions in a secure way, and all the deeds are recorded on blockchain.

The overall process is 10 times faster than conventional methods, the company says, plus adds a layer of security. Propy’s online platform breaks down geographic barriers, making global real estate transactions just as easy as those within the same city. The transparency between stakeholders also provides the opportunity for more favorable deals for investors and sellers, the company says.

Real estate transactions can be slowed down, mired, and halted by complicated transaction processes. Through innovative software development, Propy has simplified transactions by creating a unified property store and asset transfer platform that makes investment easier.

In an online suite of smart contracts (contracts that are performed digitally), Propy connects buyers, sellers, brokers, escrow agents, title agents, and notaries. The transactions are based on blockchain, technology that encrypts data and transactions in a secure way, and all the deeds are recorded on blockchain.

The overall process is 10 times faster than conventional methods, the company says, plus adds a layer of security. Propy’s online platform breaks down geographic barriers, making global real estate transactions just as easy as those within the same city. The transparency between stakeholders also provides the opportunity for more favorable deals for investors and sellers, the company says.