New Jersey Province is scheduled to be characterized by a value of $ 240 billion in real estate actions after signing a deal with the Blockchain Land Registry Management Company.
balcony He said On May 28, a five -year deal signed with the Bergen County writer’s office to install 370,000 instruments on the collapse blockchain, adding that this was the “largest Blockchain code symbol in the history of the United States.”
Bergen County is the most populated New Jersey Province, located northwest of Manhattan, in New York City, via the Hudson River. Bergen Province includes nearly one million, as it produces about $ 500 million of annual property tax revenue.
240 billion dollars in real estate is coming on the series.Palconytech It works with Bergen County and many other municipalities for the NJ for digitization of real estate records, supported by Avalanche.
This is the largest Blockchain instrument initiative in the history of the United States. pic.twitter.com/aei0t5nfp
Avalanche
(Avax) May 28, 2025
It was the deal Backed By Blizzard, an investment capital box that focuses on collapse.
The balcony said that the project will allow Bergen to win a series of anti -tampering title in all the municipalities of 70 municipalities.
The balcony expects that integration will reduce treatment times by more than 90 % while reducing the risk of fraud, property disputes and administrative errors.
Dan Silverman, CEO of Al -Shorfa, said the project was a “turning point” for government records and real estate regulations.
“We explain how safe and distributed systems can replace the old infrastructure and provide value in the real world for both governments and the public.”
The balcony plans to expand in New Jersey and abroad
An apartment said it is working with many other provinces in New Jersey – including Camden, Prang and Levid Park – to update their real estate management records.
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He said that the Orange County lost nearly a million dollars of municipal revenues due to incomplete and old records under the current administration system, highlighting the need for a more effective solution.
The distinctive symbol of 370,000 real estate instruments in Bergen Province earn the total number of distinctive actions in New Jersey to about 460,000.
The balcony said it intends to expand beyond New Jersey in the future.
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