Rome Wins the Global Race for the World’s First Property Auction on Blockchains

A centuries-old Roman mansion, the famous Palazzetto built by architect and sculptor Giacomo Della Porta, is making history as the world’s first property to ever be auctioned on blockchains.

This event is so historic because it’s the first real estate blockchain auction ever.

In 2017, Propy, a global property store and decentralized title registry, made history by facilitating the world’s first property to be transferred on blockchains. The blockchain-powered auction of The Palazzetto is yet another world first for the real estate industry.

Agents are entrusting a centuries-old piece of history to blockchain, and this auction shows the real estate industry has a growing trust in blockchains, because even the most valuable properties in the world are now being listed using the technology. Through the advancement of blockchains, auctions are more transparent, open, and higher-quality.

Blockchain technology is irrevocably changing the future of real estate, and this auction demonstrates the security that its technology brings: an impenetrable record that cannot be manipulated or destroyed.

Kindly shared by Propy