2A — March 16 - 29, 2018 — M id A tlantic
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Mid Atlantic R eal E state J ournal Publisher, Conference Producer ......................................Linda Christman AVP, Conference Producer . .................................................Lea Christman Associate Publisher ................................................................Steve Kelley Associate Publisher .................................................................. Kim Brunet Associate Publisher ............................................................ Miriam Buttrick Senior Editor/Graphic Artist ................................................ Karen Vachon Contributing Columnists ............... Carlo L. Batts, Rittenhouse Appraisals; Brian Clark, Esq., Buchanan Ingersoll & Rooney PC; David Goldfisher, The Henley Group, Inc.; Skelly Holmbeck, Advanced Geoservices Corp.; Darren Lizzack, msre, NAI Hanson; Randy Horning, msre; Daniel M. Palmier, UC Funds; Donald Smith, Jr., PhD, RIDC Mid Atlantic R eal E state J ournal — Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 350 Lincoln St., Suite 1105 Hingham, MA 02043 USPS #22-358 | Vol. 30, Issue 5 Subscription rates: $99 - one year, $148 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion 781-740-2900 | Fax: 781-740-2929 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
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Blockchain, The Domino Effect: One State Down, 49 To Go P Natalia Karayaneva ropy, Inc. , a Palo Alto California-based block chain startup — is pleased to announce the launch of a pilot project in collaboration with the City Clerk’s Office of South Burlington, VT to utilize blockchain technology to re- cord real estate conveyance documents. As a recognized leader in the creation of blockchain- friendly legislation, Vermont is focused on attracting inno- vative technology companies such as Propy, the leading global blockchain real estate platform. “The Propy pilot will show- case the savings of block- chain distributed technology furthering Vermont’s and the City of South Burling- ton’s goal to achieve more cost-effective government. In parallel to making land record management systems signifi- cantly more efficient, Propy’s additional safeguards ensure additional data integrity,” said Natalia Karayaneva , CEO of Propy. “The announcement of a
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pilot project to utilize block- chain technology in real estate transactions is emblematic of Vermont’s long history of in- novating business, insurance, and financial technology. We are fortunate to have a cut- ting edge statutory frame- work that enables the use of blockchain technology, and we will continue to work with the legislature to ensure Vermont remains at the forefront of these innovations,” said Ver- mont Agency of Commerce and Community Development Secretary Michael Schirling, “The City of South Burling- ton is always interested in taking advantage of technol- ogy that enhances its deliv- ery of services to residents. We are ready to learn from this Propy pilot,” said Donna Kinville, City Clerk, South Burlington, VT,
Propy provides a real-world platform for the State of Ver- mont to continue studying and developing public policy for the continued creation, sup- port, and growth of a sustain- able and diversified economy around the Fintech sector. This joint public-private pilot program demonstrates that technology companies have the full support and active participation of Vermont’s state and local governments. The South Burlington-Pro- py pilot includes the Burl- ington based legal team of Gravel & Shea , a group of attorneys focused on the legal aspects of commercial development using blockchain technology. Also included is Purcell International, a con- sulting firm specializing in technology, startups, and gov- ernment/community liaison. n
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