Two blockchain startups are being invested in by the National Association of Realtors

Two blockchain startups are being invested in by the National Association of Realtors

On June 10, Propy announced that it is one of the two organisations, which was selected by Second Century Ventures 2019 Reach accelerator class. Second Century Ventures is the VC branch of the National Association of Realtors. Every year they choose several technology corporations to start their Reach program.

Propy and reConsortia are those two startups, who were engaged in the program this year. The terms of this investment were unfolded, but it will surely let companies tap into the National Association of Realtors’ network, which includes over 1.3 million real estate agents as they work to teach a greater audience about blockchain technology in their sphere.

CEO of Propy Natalia Karayaneva wrote: “You are not able to buy real estate as you buy books online. The major reason for that is there is a lack of tools for online macro payments and online ownership transmissions for high-value assets. This is the problem, Propy has solved. Information, which is stored on blockchain adds security for ownership. The biggest advantage of this technology is that it’s totally transparent”.

The second company, which was included in the program this year is reConsortia. It applies blockchain to track referrals, helps to log and organize referrals more cleanly and claims on its website that $20 billion worth of referral revenues in the USA are untracked.