Propy Awarded as Technology Pioneer by World Economic Forum
June 15 2021 - 4:00PM
Business Wire
Propy, the world’s first blockchain-based real estate
Transaction Platform has been selected among hundreds of candidates
as one of the World Economic Forum’s “Technology Pioneers”.
The World Economic Forum’s Technology Pioneers are early to
growth-stage companies from around the world that are involved in
the use of new technologies and innovation that are poised to have
a significant impact on business and society. Previous companies
included Airbnb, Google, Nest Labs, Ripple, and Cloudflare.
With their selection as Technology Pioneer, Propy CEO Natalia
Karayaneva will be invited to participate at World Economic Forum
activities, events and discussions throughout the year. Propy will
also contribute to Forum initiatives over the next two years,
working with global leaders to help address key industry and
societal issues.
“We’re excited to welcome Propy to our 2021 cohort of Technology
Pioneers,” says Susan Nesbitt, Head of the Global Innovators
Community, World Economic Forum. “Propy and its fellow pioneers are
developing technologies that can help society solve some of its
most pressing issues. We look forward to their contribution to the
World Economic Forum in its commitment to improving the state of
the world.”
“We’re thrilled to be recognized as a pioneer by the World
Economic Forum,” said Propy CEO, Natalia Karayaneva. “Blockchain in
real estate helps streamline what is currently an incredibly
stressful, time-intensive, and prone-to-cyber-fraud process; and
provides added security to home buyers and sellers. This technology
can also help address homeownership affordability in developed
countries by reducing fees in closing process. In developing
countries blockchain powered solutions can unlock the potential of
unrecorded land to address poverty via financing. We look forward
to contributing to the Forum dialogues on the increasing
implementation of blockchain to achieve SDG N9.
While Propy is currently focused on the North American real
estate industry, future goals are to address the $9 trillion “dead
capital” problem in developing countries. “The use of blockchain to
secure property rights will take the risk out of real estate
investments and bring financing opportunities to struggling
economies,” says Karayaneva.
The diversity of these companies extends to their innovations as
well. 2021 Tech Pioneer firms are shaping the future by advancing
technologies such as AI, IoT, robotics, blockchain, biotechnology
and many more. The full list of Technology Pioneers can be found
here.
Technology Pioneers have been selected based on the community’s
selection criteria, which includes innovation, impact and
leadership as well as the company’s relevance with the World
Economic Forum’s Platforms.
All info on this year’s Technology Pioneers can be found
here.
About Propy: Propy makes property purchase transactions
easier by bringing agents and consumers together in a unified,
secure environment, based on the Blockchain. Propy’s Transaction
Platform enables a secure closing process online, from offer to
deed recording. Propy recently completed the world’s first
homeownership transfer via an NFT (Non-fungible Token) as well. The
platform has processed over $1bn transactions in sales volume and
helped in thousands of home purchases.
https://Propy.com
About World Economic Forum: The World Economic Forum,
committed to improving the state of the world, is the International
Organization for Public-Private Cooperation. The Forum engages the
foremost political, business and other leaders of society to shape
global, regional and industry agendas. (www.weforum.org).
About the Technology Pioneers: The World Economic Forum
believes that innovation is critical to the future well-being of
society and to driving economic growth. Launched in 2000, the
Technology Pioneer community is composed of early to growth-stage
companies from around the world that are involved in the design,
development and deployment of new technologies and innovations, and
are poised to have a significant impact on business and
society.
The World Economic Forum provides the Technology Pioneers
community with a platform to engage with the public- and
private-sector leaders and to contribute new solutions to overcome
the current crisis and build future resiliency.
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Lisa Fettner, marketing@propy.com