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How does the use of blockchain have "the potential to remove the need for solicitors in transactions"? All that is being touted is a secure method of exchanging contracts. Big deal. The clicktopurchase website proudly boasts:

"For example, if you have exchanged contracts with clicktopurchase®, you have undeniable proof that you have entered into a purchase contract. A layer of security, transparency and accountability which is unavailable elsewhere."

If you exchange contracts using a solicitor you also know that you have a purchase contract.

They are trying to solve a non-existent problem. How many conveyancers have to deal with cases where the existence of the contract is denied? A miniscule fraction of 1% I suspect.

The technology does not help in agreeing the terms of the contract or in advising the client whether or not to exchange in the first place.

The fees for the service are not insignificant either: http://clicktopurchase.com/Packages

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