Bergen County will digitize over 370,000 property deeds using Avalanche to improve speed, access, and transparency.
The $240B tokenization project aims to cut red tape and bring blockchain efficiency to local government records.
Bergen County in New Jersey has just made a breakthrough. The area with almost one million residents will move more than 370,000 property deeds worth $240 billion into a blockchain-based digital system.
Through this project, all data will be tokenized on the Avalanche network, which has recently been increasingly eyed for serious matters like this. Not only to speed up legal matters, but also to protect documents from the risk of manipulation or loss.
This five-year collaboration was carried out with blockchain software company Balcony. They are responsible for moving piles of paper records from 70 cities in Bergen County into an immutable digital format. Through the Avalanche-based system, all data can be searched quickly and audited easily.
If previously
