Daugherty Comments on Plans for Information-Sharing Startup for Lenders

Partner Pat Daugherty was quoted in a Crain’s Chicago Business article, “How Blockchain Could Help Online Lenders,” about a Chicago-based startup that is using blockchain technology to create a digital platform where lenders can share information about borrowers.

Daugherty said there is definitely a need for a better, faster, cheaper way to exchange identity and credit information, which the bigger banks and credit card companies are all working on. “I’d be worried about somebody out there with deep pockets that isn’t talking much deciding to get into the market. It only takes a handful of really smart technologists to develop something,” he said.