Propy records country’s first blockchain-only real estate deal just north of LA County

The country’s first blockchain-only real estate trade involved 10 acres of land just north of Los Angeles County.

The sale was made through a platform developed by Palo Alto-based real estate startup Propy. The company’s platform records the information of the sale — the purchase agreement, payments, and other essentials — on the public Ethereum blockchain. The amount was unknown.