- A total of 40 participants have signed up for the trial.
- Using the blockchain technology in real estate purchases globally could save $160 billion.
Barclays (LON:) Bank and Royal Bank of Scotland (LON:), two of the leading commercial banks in the United Kingdom are reported to be joining hands in R3 for a blockchain trial aimed at streamlining real estate purchases. A total of 40 participants have signed up for the trial that was made possible using a tool developed by Instant Property Network (IPN). IPN is a startup company that utilizes the blockchain platform provided by R3’s Corda.
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