Vermont’s Pilot Program Completes First US All-Blockchain Real Estate Transaction

South Burlington, Vermont’s pilot affairs fabricated in cooperation with all-around Blockchain absolute acreage exchange Propy Inc. has completed the aboriginal absolutely Blockchain-based absolute acreage accomplishment in the US, banking blog ZeroHedge appear Thursday, March 8.

An bearding antecedent at Propy told ZeroHedge that the aboriginal absolutely Blockchain-based absolute acreage transaction in the US had been completed, authoritative the burghal of South Burlington a “global blockchain leader.”

Propy has a absolute bazaar cap of about $17.7 mln, according to abstracts from CoinMarketCap, and is currently trading for a little added than $1.00, bottomward about 5.3 percent over a 24 hour aeon to columnist time.

South Burlington had appear their use of Propy’s pilot affairs aback in January of this year, testing Blockchain technologies for use in recording absolute acreage documentation. Ukraine’s Agency for E-Governance additionally began a pilot affairs with Propy in August 2017 for alms backdrop to adopted investors on Propy’s absolute acreage marketplace.

Real acreage and Blockchain accept additionally coincided above Propy: one such Blockchain activity offers tokenization of backdrop in London, addition Blockchain absolute acreage activity backs its tokens with ability from a Japanese solar farm, and a array of cities globally accept already acclimated crypto to buy properties.