Zventus Launching “Mortgage Blockchain Lab”
California-based business consulting firm Zventus has announced a new blockchain venture geared towards the financial services industry. The new project is being launched in collaboration with mortgage domain experts, technology partners, and universities to create blockchain technology for the mortgage industry. The “Mortgage Blockchain Lab” will focus on developing new products, services, and solutions to enhance the loan process. The company predicts the results will make mortgage loans more secure, easier to manage, and less expensive, reducing costs for financial services firms by upwards of 50% per loan. A blockchain is a type of distributed database that exclusively stores cryptocurrency transactions that cannot be removed or manipulated. Cryptocurrencies are digital currency systems developed and traded using a variety of computational…