UK Regulator Tests Mortgage Transactions Reporting on R3’s Corda

[kreslik.news]

R3, the Financial Conduct Authority (FCA), RBS and another unnamed major global bank have built a prototype application for regulatory reporting of mortgage transactions on the Corda blockchain platform. The application is able to generate automated delivery receipts for the regulator when a mortgage is booked.

Learn how to buy Bitcoin and Ethereum safely with our simple guide!

The participants say they that will continue working with R3 to move towards a live pilot of the application. This will involve engaging with other UK mortgage lenders, the academic community and other regulatory bodies to showcase the prototype ... (read more)