On May 28, according to Coindesk, Bergen County in New Jersey will migrate 370,000 real estate title documents to the Blockchain ledger under a five-year agreement signed with the land rights Blockchain company Balcony. These title documents represent approximately $240 billion in real estate assets. The system is supported by Avalanche technology and will serve nearly one million residents in the county's 70 municipalities.
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Bergen County, New Jersey, will tokenize $240 billion worth of real estate deeds on the Avalanche network
On May 28, according to Coindesk, Bergen County in New Jersey will migrate 370,000 real estate title documents to the Blockchain ledger under a five-year agreement signed with the land rights Blockchain company Balcony. These title documents represent approximately $240 billion in real estate assets. The system is supported by Avalanche technology and will serve nearly one million residents in the county's 70 municipalities.