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 Open Banking pioneers Raidiam, aims to cut completion times by up to two-thirds.
The initiative will enable 'sandbox' testing, establishing the technical, regulatory, and security standards required for large-scale adoption, and create the first framework for digitizing property data and enabling secure data sharing among all parties involved in a transaction.
The project will establish the technical, regulatory, and security standards required for large-scale adoption.
Author's summary: Property Data Trust Framework receives £742,000 funding.
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