First registration of Real Estate Development

MRV, the largest real estate developer in the country, made use of Blockchainin a real estate project in the municipality of Duque de Caxias (RJ) in August 2019. The model greatly improves the customer’s buying experience, as it greatly reduces bureaucratic deadlines.

THE GREAT TECHNOLOGICAL CHALLENGE OF THIS INNOVATION WAS TO INTEGRATE ALL THE PLAYERS INVOLVED IN THE PROJECT, ENSURING LEGAL SECURITY THROUGH THE TECHNOLOGIES USED.

We performed, remotely, 100% digitally, and with the necessary legal security and notary validation, the first purchase and sale deed and the first property registration, in Blockchain. Besides Growth Tech and its solutions, this project involved the 3rd Court of Duque de Caxias and MRV Engenharia.

IMPLEMENTED SOLUTION

Growth Tech’s Notary Ledgers platform was used, through which MRV Engenharia informed its intention to register a incorporation memorial, according to stipulated conditions. The involved notary verified the requirements of the act, and once they were met, “sanctioned” and officially performed the transaction. At the same time, smart contracts in pools of notaries of the same competence validated the transaction and registered it in the Blockchain. All actors were widely identified on the platform before their acts, and the Blockchainframeworkused was Hyperledger.

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