Ava Labs, a Cornell-licensed startup and global leader in blockchain technology, is powering the largest deed tokenization project in U.S. history. Through a partnership with Balcony, a real estate infrastructure company, Ava Labs’ Avalanche blockchain platform will be used to digitize 370,000 property records valued at $240 billion across Bergen County, New Jersey. This project showcases how Avalanche’s secure, energy-efficient, and customizable blockchain can modernize critical public infrastructure, cutting deed processing time by over 90% while reducing fraud and administrative errors.
Originating from research in the lab of former Cornell professor Emin Gün Sirer, Avalanche was licensed through Cornell’s Center for Technology Licensing and became the first startup to join the Praxis Center for Venture Development. With applications already extending into DMV services, disaster management, and digital media, Ava Labs continues to demonstrate the real-world impact of Cornell-born innovation in transforming legacy systems and advancing trust, transparency, and efficiency across sectors.
