Brazilian EMGEA Announces Sale of Realty Using Blockchain at Discounts Averaging 41%

The use of blockchain technology comes at a time when EMGEA is trying to expedite the privatization process of the company's current assets and leverage the operational and financial results.

RIO DE JANEIRO, BRAZIL - The Government Asset Management Company (EMGEA), which manages federal and other public administration assets and rights, will be the first government company to use blockchain technology to sell its properties, the company announced Tuesday night, December 15th.

In its first operation, 50 properties will be sold with discounts that may reach up to 68% of their market value - on average, the properties for sale have a 41% discount. The operation will be enabled by the partnership with Resale Startup, a real estate outlet that develops solutions for the management and sale of assets that are returned . . .

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