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blockchain land registry solutions NEWS REGULATORS 

UK’s Property Regulator Enlists R3’s Corda for Blockchain Land Registry Solutions

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R3 CEO, David Rutter announced on Thursday at London’s CordaCon annual gathering, that the U.K. government has selected R3’s Corda to develop blockchain land registry solutions. The U.K. government‘s HM Land Registry (HMLR), which safeguards land and property ownership worth over £4 trillion, including approximately £1 trillion of mortgages, aims to explore how to make the house buying process in the UK faster, simpler and more transparent. The appointment comes as part of the second phase of HMLR’s research and development project, entitled ‘Digital Street’.  The HMLR’s website states: “The point of…

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NEWS REGULATORS 

U.K. Law Commission Researching Law Reform for Use of Blockchain Smart Contracts

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Further to the release of a report, the U.K. Law Commission, has begun a formal project researching into law reform for use of blockchain smart contracts in the British legal ecosystem. The agency, set up by Parliament, has dentifyied blockchain technology as a significant area that is seeing uptake, especially in the financial services world. With finance and banking being one of it’s top industries in the UK, and London the world’s largest financial centre. The commission has stated the necessity of reform to remain competitive for enterprise.

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