Blockchain: Coming to a CMBS Near You
By: Jason A. Nagi
Although at first glance the underlying technology behind Bitcoin and mortgage backed securities have little in common, blockchain technology has the potential to revolutionize securitizations because it permits value and information to be securely stored simultaneously, in multiple locations, and transferred without the use of an intermediary.
By diminishing the need for an intermediary, reducing the risk of data being compromised and making the process more efficient, Blockchain technology holds tremendous potential for securitizations. Blockchain can be used to initially simplify the securitization process, and afterwards the servicing process, providing parties simultaneous access to a digital record that is maintained in a decentralized location in a standardized format that cannot be altered. Look for blockchain technology to come to a securitized loan near you.
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