In Ukraine, blockchain platform Propy will help foreigners to acquire property
Blockchain marketplace of property Propy entered into cooperation with Ukrainian authorities. They plan to develop a platform enabling foreign citizens to acquire property in the country, which was reported by ForkLog.
The innovation will be a part of legislation coming into force in 2018. According to them, foreign residents will be able to buy Ukrainian land and real estate equally to country citizens. Propy will be tested in 2018 under control of the Ukraine e-Government.
“We want Ukraine to become a global leading state with functioning blockchain infrastructure. Property is one of the most vital directions of our development strategy. That is why I reckon that blockchain integration in property would enable safety and effectiveness of deals,” claimed Head of the organization Alexander Rizhenko.