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News & Press: Industry News

South Burlington Vermont Exploring Blockchain Prototype

Tuesday, February 20, 2018  
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Propy Inc., based in Palo Alto, is launching a pilot project with South Burlington, Vt., on a blockchain prototype designed to allow the city clerk's office to record real estate conveyance documents.

Blockchain serves as a distributed ledger framework that posts transactions in real-time as cryptographically unique “blocks,” visible to authorized users. These blocks cannot be reversed or changed, with new additions to the ledger posted on top of the register of existing transactions. The pilot project will seek to demonstrate blockchain's data integrity as well as efficiencies and savings in recording property transfers.

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
Email:  |  Phone: 916-444-2647  |   Fax: 916-444-2851