The first ever real estate transaction entirely carried out via blockchain technology has been completed in Brazil.
Local construction giant Cyrela and startup Growth Tech carried out the sale under the project Notary Ledgers, which enables users to request and track notary services in a digital environment.
The service, underpinned by IBM Blockchain technology, enabled the reduction of timescales involved in the property sale process, which usually takes about a month, down to 20 minutes.