- John Reynolds developed an Instant Property Minimum Viable Product (MVP) using R3's Corda blockchain platform to create a digitally native property marketplace. - The MVP was market tested in early 2019 with banks, estate agents, insurance, legal, land registries, and other stakeholders to transact property transfers. - The solution aims to improve the inefficient and complex existing property ecosystem by enabling participants to directly transact and share customer information in real-time without a central database.

1. Instant Property
John Reynolds
CordaDay Singapore
7 March 2019

2. Story so far……
• 2017 - Completed research project, selected R3 Corda as best platform for regulated
government environments
• 2018 - Won HM Land Registry project building and testing CorDapps with industry
• 2018 - Built Instant Property Minimum Viable Product (MVP)
• 2019 Q1 - Market test MVP with banks, estate agents, insurance, legal, land registries,
search services, settlement, and tax – started 28th Jan 2019
• Built private HM Land Registry Corda Network and complete 1st shadow transfer
• Selected by UK Gov APPG Blockchain to showcase UK blockchain Innovation

3. What's the use case?
I own new
property
I want to buy a property

4. Problem
Mortgage
Legal
Tax
Title
SurveyReal Estate
Settlement
Insure
Regulate
Complex, slow and inefficient marketplace organically grown from paper-based foundations.
These inefficiencies and associated costs are becoming increasingly intolerable to regulators,
consumers, and businesses within the ecosystem.

5. Solution
A digitally native marketplace. A marketplace where participants can join up their business
process and transact directly enabling immediate cost containment, while building a platform
for revenue generation that delights customers and is endorsed by regulators
Corda Global Network

6. Orchestrated Experiences
BuyerSeller
Instant Real
Estate
Instant
Legal
Instant
Survey
Instant
Regulate
Instant
Mortgage
Instant Title
Instant
Insure
Instant
Tax
Instant
Settlement
Shared Customer
NO CENTRAL
DATA BASE
Creating joined up customer
experiences

7. Instant Applications
A suite of distributed applications

8. Smart Property Record
The Smart Property Record acts as a Digital Twin for the Real World Asset.

9. Realtime Synchronization
Instant Property Network
Corda Network
Internet
Realtime, Peer-to-Peer Data
Exchange. No Central Data Store
Improves business decisions with real-time information visibility across the property
buy/sell value chain on a deal-by-deal basis

10. Legally Binding Smart Contracts
The Instant Property Application is based on a modular architecture that comprises smart
legal contacts.

11. The Largest Corda Trial
World’s first Digitally Native Property Marketplace
200 People from 40 Organisations spread over
20 counties and 5 continents have been involved in the trial

12. Identify
Participants
from the
existing
business
network
Engage
Participants
explaining the
value
proposition
Trial
Create
private
business
network for
participants
and deploy
generic out of
box
application
Proof of
Value
Build local
business
network, build
business case
and iterate
application to
prove local
business case
value can be
achieved
Pilot
Extend the
Proof of Value
functionality in
to pilot that
runs live
transactions
and
demonstrates
benefit
realisation
Beta
Extend
functionality
and network
membership,
finalise
governance
and support
arrangements
Production
Go-live with
Service, close
down project
and move to
continuous
improvement
mode
Continuous
Value
Look to
continuously
innovate on
network
looking to
define new
services,
business
models and
value
What's Next
Proof of Value Projects
Our 8 step process minimises risk on the journey to production whilst continuously
testing and validating business value.

13. Thank you
CordaDay Singapore
7 March 2019
John Reynolds