Chainlink, a decentralized oracle network, has partnered with Dubai's Propchain to promote tokenization of real estate. By incorporating Chainlink's CCIP on Ethereum, Propchain aims to facilitate secure cross-chain transfer and improve transparency with Chainlink's Proof of Reserve system. This collaboration allows Propchain to offer tokenized real estate assets and addresses cross-chain transfer and management of its PropC token. Chainlink's CCIP enhances interoperability between different blockchains and simplifies investor access to the tokenized real estate market. Additionally, Chainlink's Proof of Reserve feature ensures real-time asset collateralization, providing transparency and trust for investors. This partnership signifies the integration of blockchain solutions in the real estate sector, aiming to modernize and expand the market.
- Content Editor ( blockchainreporter.net )
- 2024-11-12
Chainlink and Propchain Join Forces to Revolutionize Tokenized Real Estate Transparency