Land Registry announces digital shift
The Land Registry has said it intends to undergo a digital transformation and become the world’s leading land registry for speed, simplicity and an open approach to data.
In the release of its annual report for 2016/2017 it said this will help to identify areas that may be suitable for housing through the aim of comprehensive registration of land in England and Wales.
The initial focus will be on prioritising public sector land in order to provide an early indication of the scale of potential sites for house building and associated infrastructure needs.
The Land Registry has said it intends to undergo a digital transformation and become the world’s leading land registry for speed, simplicity and an open approach to data.
In the release of its annual report for 2016/2017 it said this will help to identify areas that may be suitable for housing through the aim of comprehensive registration of land in England and Wales.
The initial focus will be on prioritising public sector land in order to provide an early indication of the scale of potential sites for house building and associated infrastructure needs.
In the first report published since the government said the registry shall remain in the public sector, it reported an income of £311.4m in its 2016/2017 year, against operating costs of £241.9m. it had a retained surplus of £45.7m.
Graham Farrant, chief executive and chief land registrar, said: “To our many stakeholders, I would ask you to join, support and partner with us as we explore how through digital technology we can work together to make conveyancing quicker, cheaper and simpler for everyone.”
The Land Registry will also work with the private sector to research and test new digital registers, potentially exploring blockchain, a plan it is calling “Digital Street’”
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