The real estate industry has been long overdue for a technological leap forward and with the explosion of Blockchain technologies over the last year, CryptoProperties LLC. (CPROP) represents a new paradigm for one of the largest asset classes on the planet — property.

CPROP is designed to address the most common and major challenges intrinsic to all real estate markets in the world, specifically, inefficiency and lack of security. The blockchain has many uses, from currencies like Bitcoin, to ledger technologies that enable data be securely stored and verified.

There is huge scope for increased efficiencies in the real estate market because the basic steps for concluding any real estate transaction are repetitive, documentation is (or should be) standardized, transaction processes are antiquated as they operate on hard copy documents, and the sheer number of parties involved in any transaction drive inefficiencies on multiple levels.

Jay Fortin, an international corporate attorney and CPROP advisor, has successfully closed over US$5 billion of transactions in both developed and emerging markets throughout the world. He understands fully the real problems facing the current real estate industry and how leveraging the Blockchain can revolutionize the industry:

“Having been involved in cross border real estate markets for more than 30 years, I understood immediately the immense potential benefits of blockchain technology for the global real estate industry. The move of real estate to blockchain is inevitable; the only question is how long will it take."

CPROP’s integrated, platform-level solution is being built by a highly experienced, global team including Co-Founder Adam Koehler, who also co-founded the DotLoop Company, a real estate-based startup that sold to Zillow for $100+ million. It will make the process of transacting for real estate efficient, auditable and protectable from tampering, fraud, corruption and human error. CPROP will enable property investors to research, transact with cryptocurrency and reliably secure and record ownership of their domestic and international property investments remotely.

Luke Sestito, Co-Founder of CPROP explains, “In launching CPROP, we wanted to ensure: (a) the business addressed a real problem that could be solved by blockchain technology, (b) token holders benefited from token appreciation as the company succeeds and (c)that a high quality, global team could be assembled with the experience and skills to execute the plan. I believe we have achieved all of these.”

Here’s How it Works

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