The post Brazil to pilot blockchain transparency for state real estate auction appeared on BitcoinEthereumNews.com.

The Court of Auditors of the State of São Paolo is planning to record every document in Brazil’s first public real estate auction on the blockchain. The initiative aims to reduce legal disputes and enhance transparency in the auction process. The public auction will include the sale of ten warehouses. The Court of Auditors will also time-stamp and register every piece of documentation involved on the unidentified blockchain.  Nordeste Leiloes partners with InspireIP  Local media reported earlier that auction platform Nordeste Leiloes will conduct the sale in partnership with blockchain firm InspireIP. The country’s auction market has previously faced instances of fraud, with altered documents, inconsistent public records, and fake websites. Arthur Nunes, official auctioneer at Nordeste Leiloes, said that adopting blockchain technology in public auctions improves transparency for a country vulnerable to fraud and documentary disputes. He also acknowledged that the firm included a blockchain model in the TCE-SP auction, where no file can be altered. He argued that it gives the buyer and the auctioneer technical safety. The country aims to introduce a verification layer in its auction market to mitigate problems commonly seen in traditional systems, particularly in high-risk sales. Documents from the public auction will be converted into technical evidence, with each file being cryptographically sealed. Nordeste Leiloes believes the initiative will help the company further its reach into larger urban markets. The initiative enables the company to expand its operations, which have been ongoing for more than 15 years, from the North and Northeastern regions to the South and Southeastern regions. The firm also reported $1.74 million in sales across 65 auctions this year.  “Entering major centers requires not only experience, but also substantially raising the standard of trust. This partnership with InspireIP accelerates this expansion because it brings technological proof that the market already…

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Filed under: News - @ December 17, 2025 2:28 am