🔥Decentralized P2P
Traditionally, international standards for land title registries have been established through laws, regulations, and conventions enacted by governments. However, the absence of a unified international standard has led to fragmented, incompatible electronic land title systems, requiring manual integration with external platforms.
PropiChain aims to address this challenge by evolving its blockchain-based ledger from merely mirroring official land registries to becoming the official ledger of record. For governments to adopt PropiChain's technology, they must recognize the legal validity of digital deeds and the blockchain ledger.
To achieve this, PropiChain is actively collaborating with local and state governments to gain legal acceptance of its platform as the official record for real estate transactions. The platform's adoption is expected to be more straightforward in emerging countries, where inefficiencies and corruption in existing systems create a more favorable environment for transitioning to new technologies.
As PropiChain solidifies partnerships with governments, it aims to lead the global shift toward a unified, transparent, and secure real estate transaction system ✨
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