Barclays, RBS Join 40-Strong R3 Blockchain Real Estate Trial

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Barclays and the Royal Bank of Scotland joined around 40 entities testing a platform based on R3’s Corda. Two major United Kingdom banks — Barclays and Royal Bank of Scotland (RBS) — have joined a trial using blockchain to streamline real estate purchasing after rethinking the technology’s potential, Bloomberg reported on April 4.The trial, which involved a total of 40 participants, used a tool from Instant Property Network (IPN), a startup using enterprise blockchain group R3’s Corda platform.Introducing blockchain into the real estate exchange arena worldwide could result in savings of $160 billion, IPN told Bloomberg, with the previously skeptical…
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Barclays, RBS Join 40-Strong R3 Blockchain Real Estate Trial

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