First purchase and sale of real estate

RKM Engenharia, a residential real estate developer in Minas Gerais, registered two contracts for the purchase and sale of apartments in Blockchainand by cell phone, the first operation of its kind in the country. The operation was carried out by Growth Tech, a startup that developed a platform focused on this sector.

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 conducted, remotely, 100% digitally, and with the necessary legal certainty, the first sale and purchase of real estate in blockchain. Besides Growth Tech and its solutions, this project involved RKM Engenharia and the buyer of the property.

IMPLEMENTED SOLUTION

Growth Tech’s PropLedgersplatform was used, through which the buyer of the property met the stipulated conditions and bought a property from RKM Engenharia, which also met the stipulated conditions. At the same time, smart contracts in poolsof actors in the network, formed by the union of similar competences, 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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