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Cryptographic Tech May Overhaul ID Verification in UK Conveyancing Industry

1 min
Updated by Kyle Baird
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In Brief

  • The UK's conveyancing industry is exploring cryptographic and biometric technologies to improve their services.
  • The coronavirus has revealed shortcomings with the current identity verification methods in place.
  • The use of the technologies could increase efficiency and reduce fraud in the industry, while allowing for social distancing.
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The UK’s conveyancing industry could benefit from the adoption of cryptographic and biometric technology in the wake of the coronavirus pandemic. HM Land Registry claims current methods for verifying identities are outdated and do not make it easy to maintain social distancing.
The government agency, along with the Law Society, Council for Licensed Conveyancers, and the Chartered Institute for Legal Executives, is advocating the use of microchip-enabled passports combined with cryptographic and biometric checks. [LawGazette] In a recent blog post, Mike Harlow, the HM Land Registry’s deputy chief executive, wrote about how the technologies could benefit the industry. Blockchain Social Technology The user would read data stored in a passport or ID card microchip using an app on their smartphone. The data could then be checked versus a self-submitted video of the individual. Harlow wrote:
We believe that cryptographic and biometric checking of identity, using microchip-enabled passports or identity cards, might present a new, robust and convenient answer to the need to maintain social distancing while verifying an applicant’s identity.
Law Society president Simon Davis claims that there are already solicitors using digital ID checks. However, in light of the coronavirus pandemic, the industry would benefit from a swifter adoption of such technologies. Davis said that the use of cryptographic and biometric ID checks would reduce fraud and improve the conveyancing services offered, all while maintaining social distancing.
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A former professional gambler, Rick first found Bitcoin in 2013 whilst researching alternative payment methods to use at online casinos. After transitioning to writing full-time in 2016, he put a growing passion for Bitcoin to work for him. He has since written for a number of digital asset publications.
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