Service deliveryDigital Customer ServiceLand Registry explores Blockchain for next phase of Digital Street project

Land Registry explores Blockchain for next phase of Digital Street project

Land Registry looking to blockchain technology to see if it can speed up services and enhance delivery

The Land Registry is exploring blockchain technology to see if it can speed up its service delivery and make its services simpler to use.

The government organisation is partnering with software company Methods, who will utilise R3’s blockchain platform, Corda, for the second phase of its research and development project, Digital Street.

Methods will be supported by a team of global experts from R3, Blockchain Digital, and their wider partner network. The organisations will bring their blockchain expertise to HM Land Registry, enabling Digital Street to fully explore the potential benefits of the new technology.

Digital Street will work with the industry to understand how the innovative use of technology, such as blockchain, distributed ledgers and smart contracts, could revolutionise the land registration and property buy-sell process.

Graham Farrant, Chief Executive of HM Land Registry, said: Our ambition to become the world’s leading land registry for speed, ease of use and an open approach to data requires HM Land Registry to be at the forefront of global innovation in land registration.

“By working with Methods on Digital Street we are taking another step toward that goal, as we explore how new technologies like blockchain can help us to develop a faster, simpler and cheaper land registration process.

The announcement follows the publication of a survey by the Government Digital Service that showed blockchain is one of the most popular emerging technologies in government, alongside the likes of AI, as they have potentially wide-ranging process, policy and regulatory impacts on automation, identity, decision making, privacy, security and trust.

John Reynolds, Blockchain Digital’s Innovation & Delivery Director, commented: “Digital Street and blockchain has the potential to synchronise and optimise the way all participants in the property market interact, from solicitors to banks, from surveyors to estate agents.

“Over the coming months, and in support of HM Land Registry’s commitment to open data and open innovation, we will be announcing a programme of innovation and collaboration events that enable the property eco-system to join the Digital Street Community.”

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