ChromaWay was elected as one of the top 10 Real Estate StartUps to watch in 2018.
Lantmäteriet, the Swedish property authority, has been collaborating with the technology company ChromaWay and others to put contracts for sale and property mortgages in a digital form, authenticated by the blockchain.
The Indian state of Andhra Pradesh is working with startup ChromaWay on a land registry pilot that uses blockchain to track the ownership of property.
India's land ownership system is apparently fraught with fraud — so one state is exploring the application of blockchain technology to make it more transparent.
The real estate industry has always been slow to adopt new technologies, however, it is becoming more open to the idea that blockchain has the potential to transform the way we buy and sell real estate.
An anti-establishment technology faces an ironic turn of fortune
Interview with Todd Miller from ChromaWay
Sweden’s Blockchain land registry trial has concluded its second stage with the successful deployment of smart contracts.
The blockchain records details of every transaction in an ever-growing string of code. Once a transaction has been entered into this digital ledger, it cannot be removed and will always be traceable.
Sweden is the the country that’s furthest along in putting land registries on a blockchain, and it’s entering the next phase of its experiment.
ChromaWay that is working on a Smart Contract Platform, announced that it has reached the next phase of its land registry project that is based on blockchain technology.
A project set up last year by Sweden’s land registry authority, the Lantmäteriet, to trial blockchain technology for recording property deals has just moved to its second phase.