BREAKING
South Burlington Trial New Blockchain Real Estate Project

2018-01-25 18:30:56
by Dominic Brown
img
South Burlington, in Vermont, is trialling a land registration system that utilises blockchain technology for recording land ownership.

South Burlington, in Vermont, is trialling a land registration system that utilises blockchain technology for recording land ownership.

\r\n

According to the latest announcement made by the City Clerk\'s Office, the city will be teaming up with Propy, a blockchain startup, to manage the data of those who buy land in the city. City officials hope the trial will prove successful in helping to provide a secure and more efficient ledger for recording purchases. They also hope that the trial may demonstrate how the tech can be used to cut costs when compared to traditional methods used to store data on transactions.

\r\n

Donna Kinville, South Burlington\'s City Clerk, stated that city officials were always excited to take advantage of new technologies that could improve life for their citizens and that they hoped to do so through the Propy pilot.

\r\n

Gravel & Shea, a law firm that deals with the legalities surrounding the application of blockchain technology in grand-scale projects, has also been recruited for the pilot.

\r\n

The new pilot follows several previous Vermont-based blockchain projects. In 2017, the state researched the ways in which blockchain may be beneficial for government endeavours. The state hopes to publish their final report in November.

Similar News
img
NEWS
How SEW Capital Unlocks Funding Potential for Blockchain Startups
2025-01-16 15:52:13 | by Scan Team

The blockchain industry has grown exponentially, disrupting traditional markets and creating new opportunities for innovation.

More
img
NEWS
UAE's $40 Billion Bitcoin Hoard: Crypto Hub of the Future!
2024-12-28 17:24:29 | by Scan Team

The UAE has amassed $40 billion in Bitcoin, solidifying its ambition to become a global cryptocurrency hub.

More
img
NEWS
Craig Wright sentenced to 12 months in prison, suspended for two years
2024-12-26 16:56:13 | by Scan Team

Australian Computer Scientist Craig Wright Found in Contempt by UK High Court

More
img
NEWS
MicroStrategy Expands Bitcoin Holdings to 444,262 BTC Amid Equity Sales Concerns
2024-12-25 18:12:53 | by Scan Team

In a bold move reinforcing its commitment to cryptocurrency, MicroStrategy announced the acquisition of 5,262 bitcoins for $561 million, elevating its total Bitcoin holdings to an impressive 444,262 BTC, valued at approximately $42.1 billion.

More