Rethinking trust

The conveyance process in the UK is slow, expensive and stressful. HM Land Registry procured MDRxTech to explore how these issues might be addressed using blockchain technology as part of its ambition to “become the world’s leading land registry for speed, simplicity and an open approach to data.”

We defined the problem space and mapped the end-to-end conveyance flow across various actors. We then designed and developed a cutting-edge proof of concept solution using R3 Corda Enterprise to demonstrate how a conveyance might operate on-chain. We stood up infrastructure, developed the dApp and hosted nodes to support the demonstration of the prototype, and documented the process.

The prototype successfully demonstrated an end-to-end conveyance in just 10 minutes versus an average conveyance time of six weeks. HMLR announced the work and hailed it as a success.

A major UK company wanted to leverage distributed ledger technology to provide better visibility across the supply chain for its dairy products, and ensure smaller actors were being paid in a timely and fair manner.

MDRxTech mapped the existing processes with the relevant operational teams and engaged key stakeholders in the supply chain organisations to understand the key events and data inputs at each stage. We then architected and delivered a public permissioned solution that delivered on our clients’ requirements.

The solution remains in production, has led to vastly reduced payment times throughout the supply chain, and has contributed to significantly improved relations between all counterparties.