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Blockchain and Real estate | Eric Cruz
Manage episode 438116168 series 3574874
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In this mini episode, Shane Aronson and Alex interview Eric Cruz, the Vice President of Sales for Proppy Title, a title company that is disrupting the industry. They discuss how Proppy uses blockchain technology to record real estate transactions and turn properties into NFTs. Eric explains that Propy was the first company to turn real property into an NFT and sell it with cryptocurrency. They also discuss the benefits of recording deeds on the blockchain, such as increased security and transparency. Eric mentions that Propy has already recorded over $5 billion worth of real estate on the blockchain and their goal is to get every deed in the US recorded on blockchain. They also touch on the potential for eliminating the need for title insurance and the challenges of getting municipalities on board with blockchain technology. The episode ends with a teaser for the next episode, where they will discuss how Propy is disrupting the title industry and their plans for expansion.
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