Land Registry kicks off £2m blockchain experiment

Written by Sam Trendall on 2 October 2018 in News
News

Government agency picks partner to explore how distributed ledger technology could help deliver ‘faster, simpler, and cheaper’ services

HM Land Registry has kicked off a potential £2m-plus engagement with a blockchain specialist to explore how the technology could help improve the process of buying and selling property.

Six weeks ago, the non-ministerial government department awarded a research and development contract to digital transformation specialist Methods. The deal – which will be worth up to £2.25m if it runs to its full two-year term – will see the London-based firm support HM Land Registry in its ongoing Digital Street project.

Digital Street aims to examine how technology could be used to transform property transactions, by implementing digital services and contracts, and exploring the use of blockchain.

Over the coming months, Methods will help HM Land Registry trial the use of the Corda blockchain platform manufactured by R3. 


Related content


The firm’s work with the government agency will be supported by Corda-specialised consultancy Blockchain Digital.

John Reynolds, innovation and delivery director at Blockchain Digital, said: “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."

The Digital Street project got underway last year. The programme of R&D work is intended to explore how digital services and emerging technology could make conveyancing quicker and safer.

“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,” said Graham Farrant, chief executive of HM Land Registry. “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.”

About the author

Sam Trendall is editor of PublicTechnology

Share this page

Tags

Categories

CONTRIBUTIONS FROM READERS

Please login to post a comment or register for a free account.

Related Articles

How Nottinghamshire drove broadband uptake – and made £5m
17 May 2019

Ceren Clulow of Nottinghamshire County Council, discusses the benefits for local authorities in optimising the uptake of superfast broadband in their region – including potential major rebates on...

Which government department suffers the most data breaches?
10 May 2019

Since 2008 departments have been required to report data breaches every year. In this exclusive research – kicking off two weeks of dedicated cybersecurity content on PublicTechnology – SA...

Durham council puts democracy into digital design
8 May 2019

Designing a strategy to take digital take-up over the 50% mark means getting to the heart of what the county’s residents really want. Gill Hitchcock writes.

Related Sponsored Articles

The age of the multi-cloud is here
7 May 2019

BT explores how to manage the risks and rewards of the cloud in their infographic guide, offering advice for ensuring that the challenges don't hold you back 

Balance the risk and reward of the cloud
30 April 2019

A global cloud infrastructure offers many potential benefits, but also many challenges, and every organisation’s hybrid cloud strategy is unique. BT presents practical advice on getting the most...

Clouds are secure: Are you using them securely?
23 April 2019

BT presents a complimentary copy of Gartner's report, which highlights how, through 2022, at least 95% of cloud security failures will be the customer's fault