Liquid Mortgage received a US patent for its distributed ledger technology to support its future vision of efficient and transparent debt markets. The patent, entitled “Decentralized Systems and Methods for Managing Loans and Securities,” lowers the overall cost of the ecosystem and encompasses a significant part of Liquid Mortgage’s business model.
Ian Ferreira, Founder and CEO of Liquid Mortgage, said, “More than anything, this patent grant shows that we have been thinking outside the box for years in solving problems in a technology lagging industry. We look forward to leveraging our ecosystem partnerships to implement this technology across the industry and ultimately deliver cost savings for borrowers. “
Ledger technology includes creation of credit-backed digital assets, multi-signature, credit-level blockchain accounts, lender portfolio accounts for holding credit-backed digital assets, payment information and distribution mechanisms for borrowers, and loan balance management.
Liquid Mortgage, Inc. recognizes the possibility of using blockchain technology in the mortgage market to increase transparency and efficiency in lending and securitization. For more information visit the Liquid mortgage website.