Join Our Mailing List
Thursday September 21, 2023
Bitcoin (BTC) $26,574.12   Ethereum (ETH) $1,581.67
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Vendor Technology

Foreign investors soon will be able to buy Ukraine real estate on DApp Propy

From the capital Kyiv to the Black Sea beach cities, Propy will enable Ukrainian properties to be sold entirely online...

Published by CryptoNinjas.net
08/15/2017

Propy, a blockchain-powered property market & decentralized title registry has announced a partnership with the government of Ukraine to allow online real estate purchases by foreign investors for the first time.

To improve upon real estate’s legacy registry systems and property sales processes, Propy uses smart contracts on Ethereum to track and execute real estate transactions according to regional regulations.

January 1st, 2018, new legislation will also allow foreign investors to purchase land in Ukraine, opening up the nation’s rich agricultural resources to international buyers. Pilot programs will be led by Propy in coordination with Ukraine’s Agency for E-Governance throughout the next year.

Oleksandr Ryzhenko, head of the State Agency for E-Governance of Ukraine said:

“Our ambition is for Ukraine to be one of the world’s foremost nations in establishing a comprehensive blockchain ecosystem, and the real estate sector forms an important part of our overall blockchain strategy. Blockchain technology will benefit all counterparties in real estate transactions through fostering greater transparency, efficiencies, security, and compliance.”

By using the Ethereum blockchain, Propy allows brokers, buyers, sellers, and title agents/notaries to sign off on transactions within their existing legal frameworks.

Natalia Karayaneva, CEO Propy

Natalia Karayaneva, CEO of Propy stated:

“Ukraine’s recent commitment to build a blockchain-based internal government database with Bitfury was a great first step. Ukraine’s government is strongly interested in building upon this progress by leveraging Propy’s technology to facilitate online real estate transactions to attract foreign property investors. While this clearly benefits the Ukrainian real estate market, it also allows foreign investors to purchase enticing properties in a very low price range, all with the benefits and security that Propy provides.”

Ukraine’s housing prices experienced a massive decline in 2014 and 2015, and prices are down nearly 70% below their 2008 peak. However, Ukraine’s economy shows signs of recovery, with the GDP rising 2.3% last year. This has made real estate investments appealing to foreign buyers, and the Ukrainian government is seeking ways to facilitate transactions to boost the economic outlook in the nation.

Ukraine GDP Recent
Ukraine GDP

The Silicon Valley-based company is advised by the founder of TechCrunch, Michael Arrington, Alain Pinel, Apple’s Daniel Kottke, and Bessemer Venture Partners’ David Cowan.

Propy’s PRO token will be required for interaction with the Propy Registry, specifically when users change ownership of a title or register a new title. The ERC-20 based PRO token will allow for both simple integration into users’ wallets and ease of use in traditional exchanges.

100,000,000 PRO tokens will be available for purchase in Propy’s token sale beginning August 15, 2017.

29
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

Propy opens auction for first real estate NFT with ownership transfer

05/25/2021
Propy opens auction for first real estate NFT with ownership transfer

Propy, a blockchain-powered real estate transaction platform, today announced it will auction a real estate-backed NFT − an apartment in Kyiv, Ukraine, that previously made history as the first-ever blockchain-based real estate sale. The...

Read more

Japan’s first blockchain real estate transactions recorded by Propy

04/11/2019
Japan’s first blockchain real estate transactions recorded by Propy

Propy, a global proptech real estate platform, today announced the completion of two blockchain-recorded property deals in Japan - the first of its kind in Asia. The properties are both residential plots of land...

Read more

Propy executes its second blockchain-recorded property deal in California

02/08/2019
Propy executes its second blockchain-recorded property deal in California

Propy, a global real estate platform, announced the execution of its second blockchain-recorded property deal in California. The residential property, which sold for $917,000 through Propy’s online transaction platform is a three-bedroom, two-bathroom residential...

Read more

Propy launches pilot in the US for blockchain land registry

01/22/2018
Propy launches pilot in the US for blockchain land registry

Propy, a global real estate marketplace allowing buyers, sellers, and all other parties to come together through blockchain smart contracts today announced the launch of a pilot project to develop a global real estate...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Understanding the Rising Trend of Litecoin Casinos

Understanding the Rising Trend of Litecoin Casinos

09/17/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy