Land Registry employs blockchain experts in Digital Street project
Her Majesty’s Land Registry, the government department responsible for registering land ownership in England and Wales, said it was partnering with software company Methods in the development of its Digital Street project.
Digital Street the organisation’s project to help simplify the process of land registration, making conveyancing faster and cheaper by creating easier access to the data it needs.
Methods will be supported by a team of experts on distributed ledger technology, including Blockchain Digital and R3 – whose Corda blockchain platform will be used in the project.
Graham Farrant, chief executive of HM Land Registry, said: “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.”
Peter Rowlins, chief executive of Methods, added: “When we read the HM Land Registry requirement, we recognised that the unique features offered by Corda in terms of security, privacy, interoperability and the smart contract flow framework, originally designed for financial services, would be an excellent fit.”