Bergen County, New Jersey will digitize 370,000 property deeds on the Avalanche network.
According to Gate News bot, as reported by CoinDesk, Bergen County in New Jersey has reached a 5-year cooperation agreement with the blockchain software company Balcony. According to the agreement, Bergen County will digitize all of its 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 vehicle owner registrations to the Avalanche network.