Liquid Mortgage received a U.S. patent for its distributed ledger technology to support its future vision of efficient and transparent debt markets.
Liquid Mortgage received a U.S. patent for its distributed ledger technology to support its future vision of efficient and transparent debt markets. The patent, titled "Decentralized Systems and Methods for Managing Loans and Securities," lowers overall ecosystem costs and encompasses a significant portion of the Liquid Mortgage business model.
Ian Ferreira, founder and CEO of Liquid Mortgage, said, “More than anything, this patent issuance shows we have been thinking outside the box for years to solve issues in an industry significantly lagging in technology. We look forward to using our ecosystem partnerships to implement this technology throughout the industry, and in the end, create cost savings for borrowers."
The ledger technology encompasses creating loan-backed digital assets, multi-signature loan-level blockchain accounts, lender portfolio accounts to hold loan-backed digital assets, borrower payment information and distribution mechanics, and loan balance management.
Liquid Mortgage, Inc recognizes the opportunity to use blockchain technology in the mortgage market to increase transparency and efficiency in loans and securitizations. For more information, visit the Liquid Mortgage Website.
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