PropBLOX enables users to “title and tokenize” any piece of property (i.e., any real-world physical object) via blockchain technology. Once an object is defined on PropBLOX, the PropBLOX Token that represents that object is stored in the user’s PropBLOX Property Vault, and it may be used to sell all or a fractional portion of the object. Objects might include computers, cars, motorcycles, boats, firearms, antiques, artwork, industrial equipment, or any other piece of property which can be uniquely identified (by address, ID, serial number, physical characteristic, etc.) – even houses and other types of real estate.
PropBLOX is an independent blockchain that we refer to as the Property Chain. Operating as a “sidechain” (layer 2) to larger general-purpose (layer 1) blockchains, the PropBLOX Property Chain interconnects with and stores critical data on any blockchain that supports distributed applications (DAPPS) and smart contracts, such as Ethereum, Cardano, or EOS.
Securing Property on the Blockchain™