Propy has partnered with Proof to digitize a secure homebuying experience, according to a release. By integrating Proof’s network of notaries into Propy’s blockchain-powered real estate platform, buyers and sellers can securely identify themselves online, avoiding fraud and unnecessary delays.
With this partnership, homebuyers do not have to coordinate notary services separately; instead, they can schedule online or in-person notary services, track real-time updates, and securely verify their identity in one place.
“Buying a home should be as seamless as buying anything else online,” Propy CEO Natalia
Karayaneva said in a release. “By integrating Proof’s notary services, we’re adding the final oracle data point for a self-driving transaction via smart contracts. Proof has been a pioneer and a solid leader in the online notary space innovation.”
Proof’s authentication technology ensures buyers, sellers, and agents are verified quickly and securely, reducing fraud risk while keeping deals moving forward. Through the integration, buyers can schedule notarization and choose between online or in-person notary services based on preference and location. Automatic notifications keeps users informed throughout the process.
“Consumers and organizations are more vulnerable than ever to fraud,” Proof CEO and founder Pat Kinsel said. “Artificial intelligence-driven deepfakes are becoming increasingly sophisticated, resulting in billions of dollars in losses. Combining Proof’s identity authorization solutions with Propy’s blockchain-powered platform will significantly reduce fraud risk while ensuring a seamless user experience.”
Propy’s partnership with Proof builds on several of Propy’s recent developments, including newly unveiled crypto-backed financing options, expanded tokenized property sales, and an escrow service powered by Coinbase Prime.