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From Land to Health Records Governments Embrace Blockchain

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Blockchain real estate tech firm Propy is now recording property sales and recording title and escrow documents on NFTs and well as standard blockchain transactions.

With its recently launched Title & Escrow Service, the firm — which sold the first-ever tokenized property, an apartment in Ukraine (obviously several years ago) — has added the non-fungible tokens (NFTs) that are best known for holding Bored Ape avatars, and NBA slam dunk clips, to its toolbox.

The so what is twofold: First of all, the tokenization of real estate deeds and other documents that has been talked about for years as one of the lowest-hanging fruits in blockchain document preservation is finally starting to be used.

But second, NFTs do offer one advantage over simple tokenization of titles and the like. While a transaction in which the documents are uploaded onto a blockchain is just as permanent and viewable, putting them on NFTs — which display various types of media — is a more user-friendly experience.

Take the example of the first known title deed transfer, the sales of a condominium in…

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