On Friday, Propy, a blockchain real estate platform, appointed Michael Piwowar, a former interim SEC chairman and commissioner, as an advisory board member. The company stated that it would guide the organization in critical regulatory environments.
From 2013 to 2018, Michael Piwowar served as the Securities and Exchange Commission (SEC) commissioner.
He is currently employed as a distinguished policy fellow at the Center for Financial Markets and Policy at Georgetown University. Additionally, he served as a senior economist at the White House during the administrations of George Bush and Barack Obama.
“I am ecstatic to be collaborating with Propy, as the real estate market offers a significant opportunity for innovation,” Piwowar stated. “Because real estate is a fundamental component of the global economy, it is imperative to employ state-of-the-art technologies such as blockchain and AI to surmount the numerous obstacles that the industry encounters.”
Former Wall Street Journal Columnist Michael Casey Joins Propy Board
Additionally, on Friday, Propy disclosed that journalist Michael Casey had been appointed to its Board of Directors following his tenure as Chief Content Officer at CoinDesk for four years. The MIT Media Lab’s Digital Currency Initiative, which Casey continues to advise, was also initiated with his assistance.
Before that, he served as a columnist, editor, and correspondent at The Wall Street Journal. Additionally, he has written six books, the most recent of which is “Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital Age,” which he co-authored with business leader Frank McCourt.
Propy revolutionizes real estate transactions using blockchain, smart contracts, and cryptocurrency. Initially, users select properties like traditional listings; however, Propy incorporates blockchain technology to enhance security and verification.
Propy encrypts, records, and creates the purchase agreement on the blockchain once the buyer and vendor have reached an agreement.
Grant Cardone and Michael Arrington In the context of Propy users
Michael Arrington, the inventor of TechCrunch, was an early adopter of the NFT concept, selling a Kyiv apartment as an NFT through Propy. Similarly, an entrepreneur, Grant Cardone, listed his Miami property for $42 million on Propy.
Propykeys, introduced in March, enables users globally to generate digital addresses for physical properties, ranging from homes to global landmarks. This initiative improves deed security by transitioning from paper records to blockchain based on Ethereum L2 Base.
This change mitigates deed fraud and simplifies numerous components of conventional real estate transactions.