Intain is now a Hyperledger member
August 28, 2018
Intain is excited about formally becoming a part of the Hyperledger community.
“I don’t know if it was brave or foolhardy, but, in an industry plagued by PoC fatigue even for a complex use case like asset securitization, Intain directly went into a production pilot,” said Siddhartha, founder and CEO of Intain. “This decision meant that we needed to work with the Hyperledger community as we crossed various hurdles over the last four months. Our membership, in a way, formalizes this association. In addition, through our new Blockchain Competence Center, which is focused on Hyperledger Fabric and is 80% women, we hope we can strengthen the Hyperledger community and add to its diversity.”
What is Hyperledger
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, IoT, supply chain, manufacturing and technology.
Intain and Hyperledger
Intain’s focus is on leveraging Hyperledger in combination with AI across financial services in a way that ‘efficiency’ and ‘risk mitigation’ can be achieved together without the need for a tricky trade-off.
Expected outcomes of the Hyperledger project
A bank gives a loan for a house in Florida (origination), an investment bank buys a portfolio of many such loans (securitization) and then other i-banks and insurers get involves through CDOs and CDS (Credit Derivatives). With every step, the transaction cost keeps increasing and so does the information asymmetry and contributes to 2008 type of crisis. A Securitization Blockchain can not only reduce transaction costs and ensure complete transparency into the provenance of the asset, without every subsequent entity requiring additional due diligence.
emulya, a Hyperledger Fabric based Securitization Blockchain that has gone into limited production, will bring originators, servicers, investors and regulators on to a common platform. By leveraging AI to reconcile off-Blockchain world with what is on Blockchain, it lowers the threshold for adoption. Intain would work with the Blockchain community on interoperability with Loan Origination and Credit Derivatives Blockchains and the long path to nirvana when every loan is originated on a Blockchain, securitized through a smart contract, structured into a Derivative and traded, all on a Blockchain.