Natwest is developing a mobile mortgage product using distributed ledger technology.
Natwest will join a consortium of software firms to develop a home buying process that works via mobile.
The consortium includes Coadjute, Dezrez, Redbrick Solutions, eTech, Search Acumen, Conveyanching Data Services and LMS.
Distributed ledger technology will be used to develop the service, with each member of the consortium a specialist in a different tech field.
What does this mean?
As well as speeding up the process of buying a house through a secondary app, Natwest hopes to help make the process more transparent for the buyer.