For years, there hasn’t been a technologist in the room who didn’t see the value of electronic assets, another name for a loan that is originated and stored electronically, and the additional data that these assets would provide.  Recently, the carnage of the Great Recession has enlightened bankers that they too could benefit from having more data available on the securitized assets they trade.  Now, we are beginning to see signs that the call for electronic assets may be on its way to the mainstream.

In an earlier post, we wrote about how two Stanford professors, Kenneth Scott and John Taylor, took their case for electronic assets to the Wall Street Journal.  Less than a week later, the Journal ran four letters to the editor, including one from Encomia CEO Andrew Dubinskyme.

Recently, author and TIME magazine correspondent Justin Fox also posted an article about the a conversation we had about the growing cry for electronic assets on his Curious Capitalist blog.

Our discussions with lawmakers, academics and the media reveal an increased understanding and desire to see the financial industry move towards a model where loans are created electronically and paper is completely removed from the process.  As we continue to work towards a more transparent, efficient industry, it is the growing call among the mainstream that will bring this movement over the tipping point. I’d like to thank journalists like Justin Fox for continuing this conversation.