Vermont city tests blockchain for property deeds

South Burlington, Vermont, announced Monday that it was partnering with blockchain startup Propy to store real estate conveyance documents, according to a press release. The pilot’s aim is to see if a blockchain-based platform will reduce the costs of storing all the details needed when land and buildings are sold, asd compared to traditional systems.

The law firm Gravel & Shea, which focuses on the legal aspects of blockchain technology use cases, will also work with South Burlington and Propy on the pilot.

For a bit more, see this piece on Coindesk, a bitcoin news service, or this piece from Wall Street Journal (paywalled).