World’s first blockchain property market cuts months off the time to purchase in global trial

In March 2019, 200 professionals, 40 industry stakeholders across 23 countries and 5 continents, trialed the Instant Property Network: the world’s first implementation of a digitally native property marketplace built on the R3 Corda Network.

This trial simulated hundreds of property sales, demonstrating significant efficiencies with transactions taking less than an hour to complete.

How does it work?

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Key

current contract

Issure Name

R3 Resissuer

Network Nodes
Estate Agent
Mortgage Lender
Conveyancer
Insurance Company
Search Service
Land Registry
Settlement
Tax Office
America
Europe
APAC