[Translation into English] The United States' first house sale using blockchain and cryptocurrency

Using cryptocurrency and blockchain to sell a house is an activity we do not usually see in daily life. However, according to reports, Vermonter Katherine Purcell became the first American to sell her house with cryptocurrency on February 20, 2018. Considering the large sums of money involved in selling a house, this is remarkable.

What makes selling a house with cryptocurrency so special?

Every year, many people sell homes in exchange for fiat currency. This cryptocurrency-based real estate transaction will likely be recorded in American history not only as the first instance of cryptocurrency use but also as an example of blockchain utilization. Notably, this transaction is already recorded on an immutable blockchain.

Moreover, the story traces back to 2017, when an attempt to record real estate transactions on Ethereum began in South Burlington, Vermont. The effort was part of a pilot program conducted in collaboration with the global real estate sales companyPropy.