Financial companies involved in the securitization of assets need provable and reliable data at their fingertips.
The process of asset securitization involves the collection and packaging of items (such as portfolios of residential loans or bank loans) into securities which are then sold to investors on the financial exchanges. This process revolves around the validation of each of the items that are being packaged for sale. This could mean thousands or hundreds of thousands of individual loans needing signature verification, proof-of-income qualification, and credit inquiry reviews.
The due diligence required for asset securitization is often performed multiple times, by different parties throughout the process. A secure and immutable blockchain repository for this data reduces the need for multiple iterations.
ULedger blockchain technology provides a mathematically-provable audit trail of any piece of data at any particular point in time. What’s more, ULedger technology is easily incorporated into an existing data environment, via its open-standards API.
- ULedger integrates seamlessly with existing technology infrastructure.
- ULedger is infinitely scalable.
- ULedger can handle immense data volumes (transactions per second).
- ULedger records the order of events (transactions) rather than just the time of events.