Brazil to test blockchain in state real estate auction to reduce fraud, disputes

2025-12-16 18:39:42

Source: CryptoNewsNet Original Title: Brazil to test blockchain in state real estate auction to reduce fraud, disputes Original Link: The Court of Auditors of the State of São Paulo will hold Brazil’s first public auction in which every document is recorded on a blockchain in an effort to reduce legal disputes and raise the standard of transparency in public auctions.

Ten warehouses will be sold off, and every piece of documentation involved in the process will be timestamped and registered on the blockchain. The sale will be conducted through auction platform Nordeste Leilões in partnership with blockchain firm InspireIP.

Brazil’s auction market has long struggled with altered documents, fake websites and inconsistent public records. The use of blockchain technology is an attempt to add a verification layer that traditional systems lack, especially in high-stakes sales.

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