A deal between construction company Cyrela and start-up Growth Tech has become the first property transaction in Brazil carried out on blockchain, using IBM technology. The Notary Ledgers scheme reduced to 20 minutes a process that normally takes earlier in. The Notary Ledgers platform can also be used to issue documents including birth, death and civil partnership certificates once Brazil’s notary offices are allowed to fully work with the technology. The first blockchain property deal in Europe reportedly took place in Paris a month 2019.
A deal between construction company Cyrela and start-up Growth Tech has become the first property transaction in Brazil carried out on blockchain, using IBM technology. The Notary Ledgers scheme reduced to 20 minutes a process that normally takes a month. The Notary Ledgers platform can also be used to issue documents including birth, death and civil partnership certificates once Brazil’s notary offices are allowed to fully work with the technology. The first blockchain property deal in Europe reportedly took place in Paris earlier in 2019.