Vermont and Propy Bring Blockchain Title Registry to Life
In this innovative pilot project, South Burlington is initiating a blockchain-based title registry with actual deeds. Traditionally, when someone purchases a property, a title deed is produced; the closing agent submits the title deed to the land registry office. From there, the land registry office copies the documents. It stamps the original one and returns it to the closing agent. Then, the closing agent records a copy of it for his or her database. Often, this can be a long and tedious process. However, with blockchain technology and
Propy Helps South Burlington to Eliminate Unnecessary Bureaucracy
Going forward, the city of South Burlington will store deed copies on the Ethereum blockchain, with
South Burlington Serves as Testing Ground for Blockchain Technology
As blockchain technology slowly makes its way into the lives of mainstream audiences,
Slow bureaucracy has always been a crutch for governments around the world. With blockchain technology providing increased efficiency, waiting times will be reduced.