Industry
Real Estate

About the project
Propy is a global real estate marketplace dedicated to solving the problems of purchasing property across borders. This is done by creating a novel unified property store and asset transfer platform for the global real estate industry. Propy allows buyers, sellers, brokers, and escrow/title agents/notaries to come together through the utilization of a suite of smart contracts on Blockchain to facilitate transactions.

Why Blockchain
Blockchain is currently considered one of the most secure technologies for digital asset transfer due to its distributed nature and use of sophisticated cryptography. Smart Contacts, therefore, offer a solution for the management of real estate transactions via the introduction of a universal, distributed ledger that does not require trust in a single third party.

LimeChain involvement
LimeChain works closely with Propy team since September 2017. Currently, LimeChain acts as a BlockChain consultant.

Technologies
Ethereum