What is Propy used for?

Propy represents a revolutionary approach to real estate transactions, redefining the way properties are bought and sold. By harnessing the power of blockchain technology, it offers a secure and efficient platform for all parties involved in a real estate deal.

Buyers and sellers, along with their respective agents and escrow agents, can now conduct the entire process of a traditional real estate transaction online, without the need for physical meetings or paperwork. This not only streamlines the process but also enhances transparency and reduces the risk of fraud.

One of the key features of Propy is the ability to upload purchase offers, payments, and deeds onto an Immutable blockchain. This means that once the information is recorded, it cannot be altered or deleted, providing a permanent and verifiable record of the transaction.

The use of blockchain technology in real estate transactions has the potential to significantly reduce costs and time associated with traditional methods. It eliminates the need for intermediaries and enables faster processing of documents, ultimately benefiting all parties involved.

In addition to its CORE functionality, Propy also offers various other services that cater to the needs of the real estate industry. These services are designed to further enhance the user experience and make the process of buying and selling properties even more seamless.