Property Data Trust Framework Secures Government Funding
The Property Data Trust Framework has secured £742,000 in government funding to revolutionize the homebuying and selling process.
The project, led by the Council for Licensed Conveyancers (CLC) and in partnership with the Open Property Data Association (OPDA) and Raidiam, aims to cut completion times by up to two-thirds.
The framework will enable 'sandbox' testing, establishing technical, regulatory, and security standards for large-scale adoption, and will digitize property data, enabling secure data sharing among parties involved in a transaction.
The project will establish the first framework for digitising property data and enabling secure data sharing among all parties involved in a transaction.
Author's summary: Property Data Trust Framework gets £742,000 funding.