A Swansea dentist is the first property buyer in the UK to exchange contracts digitally in a process which its promoters claim has the potential to remove the need for solicitors in transactions. The buyer acquired a £700,000 commercial property in Trowbridge in an online deal secured by blockchain digital encryption technology. This is a system for rendering blocks of data tamper-proof by distributing them across ‘shared ledgers’. It is best known for underpinning the bitcoin virtual currency.
Read more at The UK Law Gazette…
