A startup out of Silicon Valley, Propy is a global real estate marketplace with a decentralized title registry. Propy aims to solve issues facing international real estate transactions 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. Propy's product consists of a Listing Platform, a blockchain Transaction Platform, and a Blockchain Registry for land records. By providing a network for these actors to connect with each other and conduct real estate purchases online, Propy makes the entire real estate transaction process simple and streamlined. Along with eliminating hidden fees, Propy uses smart contracts to prevent fraud while also avoiding mountains of paperwork and preventing the need for an army of brokers, lawyers, and accountants adding expense and slowing down the process. By allowing purchases to be made in both fiat (USD, Euro, etc.) and cryptocurrency, Propy gives buyers the option of making real world purchases with their choice of currency. After developing real estate for over twelve years, former software engineer and Propy CEO, Natalia Karayaneva, had enough. Constantly frustrated by how time-consuming, costly, and rife with fraud real estate transactions online, she, along with co-founders Ivan Ivanov, Maria Angelova, and Denitza Tyufekchieva, founded Propy in 2015.
Press and media coverage
Wall Street Journal https://www.wsj.com/articles/an-entire-real-estate-deal-takes-place-online-using-cryptocurrency-technology-1506462545 CoinDesk https://www.coindesk.com/17th-century-mansion-auctioned-off-blockchain Forbes https://www.forbes.com/sites/rachelwolfson/2018/05/21/bitcoin-wont-encourage-cryptocurrency-for-real-estate-but-cryptoeconomics-will/#79d0e6116628 Realtor.com https://www.realtor.com/news/trends/vermont-city-tests-blockchain-technology-property-deals/ CNBC https://www.youtube.com/watch?v=ztS1f4sVU0A ABC 7 News https://www.youtube.com/watch?v=ikePTnrcxAU BBC World News https://www.youtube.com/watch?v=UnQr9B-ob1E Bloomberg https://www.bloomberg.com/news/articles/2018-10-30/home-deeds-creep-onto-blockchain-but-face-hurdles-to-wider-use Nasdaq https://www.nasdaq.com/article/is-cryptocurrency-the-way-to-get-millennials-investing-in-real-estate-again-cm1050194 The Daily Exchange // Finder AU https://www.youtube.com/watch?v=Q1sntP_n7Sg Fast Company