CloseLayer provides a hybrid solution to a fragmented ecosystem, while bolstering the best of both worlds when it comes to centralized/decentralized databases. CloseLayer provides secured layer of enterprise-ready cryptographic data recordation within in a network of distributed parties.
CloseLayer provides immutable and seamless links to connect the flow of interested parties’ data in the real estate closing process. This blockchain-based API-as-a-Service (AaaS) product will provide the ‘plumbing’ to existing eClose infrastructure. The data is secured, expedited, and transferred efficiently from start of loan origination down to official public recordation of documents.
The CloseLayer AaaS operates on an API microservice. An API microservice is an API (Application Programming Interface) that interacts with a backend that uses an architectural structure known as microservices. Microservice architecture is a method for building applications in which components are broken down into small, independent pieces rather than contained in a single, siloed (or monolithic) application.