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The Hype Around Blockchain Mortgage Has Died Down, But This CEO Still Believes
LiquidFi Founder Ian Ferreira Sees Huge Potential in Blockchain Despite Hype around technology is dead.
“Blockchain technology has been a buzzword for a long time, and it shouldn’t be,” Ferriera said. “It should be a technology that lives in the background, but it makes everything much more efficient, much more transparent, and ultimately it saves costs for everyone. That’s the goal.”
Before founding his firm, Ferriera was a portfolio manager at a hedge fund, a job that ended up revealing “interesting intricacies” related to the mortgage industry.
Being a mortgage trader opened Ferriera’s eyes to a lot of the operational and infrastructure problems that needed to be solved in the mortgage-backed securities industry, he said. That later led to the birth of LiquidFi.
“The point of what we do is to get raw data attached to a resource [a loan] on a blockchain so that it’s provable. You reduce that trust problem because you have the data, you have the document associated with that data,” said the LiquidFi CEO.
Ferriera spoke with National Mortgage News about the value of blockchain technology, why blockchain hype has fizzled out, and why it shouldn’t.