Propy is the first and only product that automates the entire real estate purchase process via smart contracts (and not just the title transfer). We are the only company that aims to turn real estate trading into commodity trading. Other companies have been working on fractionalizing real estate sales for crowdfunding, and we have seen many such schemes before the advent of blockchain. However, before tokenizing the asset and fractionalizing it, the process for the fully online purchase of entire assets must be put in place. This what Propy does. The next step will be tokenizing the asset and transferring it between digital wallets.
- John Heeter