Blockchain’s first property ownership transfer settled

posted over 3 years ago
Distributed-ledger based real estate platform Ubiquity has successfully utilized the Colu Colored Coins Protocol to settle the Bitcoin blockchain’s first property ownership transfer.

The settlement of the transfer was handled by Atlantic Sotheby’s International Realty chief real estate officer Marina Reznik, who integrated her recent real estate purchase onto the Bitcoin blockchain through a class of methods called Colored Coins.

While a number of blockchain-focused startups have attempted to use the Ethereum protocol and its smart contract platform to record real estate data and identities, Ubitquity has officially become the first startup to represent a real world application of the Bitcoin blockchain network in the real estate industry.
Tags: blockchain, news