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Collateral damage over credits or security assets? Try blockchain

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Access to credit fuels economies everywhere. Collateral boosts this access by providing credit lenders with an asset-backed security or trust in repayment of a loan in the event of default. When the integrity of this collateral is ensured, risk is reduced, interest rates are lowered, and economic growth is fueled. When the system breaks down the collateral damage can be massive.

In the US, Article 9 of the Uniform Commercial Code (UCC), attempts to limit the likelihood of collateral damage through the implementation of a unified law for governing security interests. The article effectively grants creditors with security interests in ...

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