New blockchain lab aims to modernize the mortgage industry

Global business provider Zventus announced on Monday a new blockchain project called “Mortgage Blockchain Lab”. My proposal aims to integrate the resources of several mortgage experts, technology companies, and academic institutions to collaborate on blockchain research and development focused on the mortgage industry.

The California-based company provides products and services covering a wide range of business, including business consulting, human resources strategy, and technical support. It will work with laboratory partners in the blockchain sandbox to try out and test new products and service.

The company’s early reports indicate that once the service is launched, the potential for financial institutions to reduce loan costs will exceed 50%.

Angel Alban, President of Zventus, believes in the huge potential of blockchain in supporting the development of the industry:

“There is no doubt that blockchain has the ability to disrupt the mortgage industry. The ability to secure and transparent ledgers without a central intermediary is taking off in Europe and Asia, and is gaining huge traction in the Americas. We are very happy to be at the forefront of the technological revolution. , Which will change mortgage processing forever.”

Since its establishment in 2016, Zventus has expanded to 180 countries and 220 languages.

Related: The second largest mortgage lender in the United States will accept crypto payments this year

The laboratory combines Ethereum (Ethereum) And Hyperledger and technical and academic partners, outlined the ambition to create 1,000 new blockchain technology jobs by 2024.

Alban went on to point out:

“We are excited about the future of blockchain in the mortgage loan sector, and we look forward to working with our customers and partners to reshape this important element of financial services.”