RESPA was enacted by Congress in 1974 to regulate the disclosure of all costs and business arrangements in a real estate transaction settlement process. (mortgagecompliancemagazine.com)
It upgrades the segregated witness which helps to improve blockchain capacity, while reducing transaction settlement time and fee. (thebankly.com)
Some of the world's central banks, including those in Canada, Singapore and the UK, have moved in the past year and half to explore possible applications in the areas of transaction settlement and financial monitoring. (coindesk.com)