Bergen County, New Jersey will digitize 370,000 property deeds on the Avalanche network.

GateNewsBot

2025-05-28 16:21:43

According to Gate News bot, CoinDesk reported that Bergen County, New Jersey, has reached a 5-year cooperation agreement with blockchain software company Balcony. According to the agreement, Bergen County will digitize all 370,000 property deeds on the Avalanche network, involving an asset scale of approximately $240 billion.

Balcony pointed out that the platform reduces contract processing time by 90%, while assisting in identifying municipal revenue losses due to incomplete records. The report mentioned that prior to this, the California Department of Motor Vehicles had completed the transfer of 42 million owner registrations to the Avalanche network.

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