HS Property makes UK’s first resi sale with blockchain

Manchester-based HS Property Group has recorded the UK’s first residential property sale using blockchain technology.

The company used the Clicktopurchase platform, which facilitates the exchange of electronic contracts, to sell a four-bedroom HMO investment property in Oldham, Greater Manchester.

Blockchain platforms remove the need for a third-party when contracts are exchanged by recording the transaction in an immutable ledger, which is distributed among users. That means everyone in the network has a copy of the details of the transaction – although identities are anonymised – making it transparent and practically impossible to change retrospectively.

Guy Horne,