Global business provider Zventus announced a new blockchain initiative on Monday titled \u2018Mortgage Blockchain Lab\u2019. The proposal i meant to collate the resources of several mortgage experts, technology firms and academic institutions to collaborate on blockchain research and development focused on the mortgage sector.\u00a0<\/p>\n
The California-based firm, whose product and service offering spans a broad business spectrum including business consultancy, human resource strategy and tech support, will work with the lab’s partners in this blockchain sandbox to trial and test new products and services. <\/p>\n
Early reports from the firm suggest the potential to reduce costs of loans for financial organizations exceeds 50% once the services are launched.<\/p>\n
Zventus President Angel Alban believes in the vast potential of blockchain to support the sectors development:<\/p>\n
\u201cThere’s no doubt in blockchain\u2019s ability to disrupt the mortgage industry. The capabilities of a secure, transparent ledger without a central intermediary is taking off in Europe and Asia and gaining significant traction in the Americas. We\u2019re thrilled to be at the forefront of a technological revolution that will transform mortgage processing forever.\u201d<\/p><\/blockquote>\n
Since inception in 2016, Zventus has spread to 180 countries and across 220 languages. <\/p>\n