Blockchain technology will be “game changer” in conveyancing (26 April 2017) (United Kingdom)

Legal Futures UK

Blockchain-backed ‘smart contracts’ will be a “game changer” in property transactions, increasing certainty for buyers and sellers as well as speeding up the house-buying process, it has been claimed.

His comments were made after a fraud-resistant blockchain-based title registration pilot run by Sweden’s land registry claimed success when it closed at the end of March.

In February it was reported that the Republic of Georgia has become the first national government to use blockchain, among other things to validate the registration of land titles and mortgages.

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