REDUCING INVESTMENT MANAGEMENT COSTS WITH BLOCKCHAIN
Settlements and contracts By harnessing blockchain , investment managers can benefit from its smart controls and automation capabilities . With Blockchain ’ s business rules and computer protocols , investment managers can run settlements without human interference and facilitate , verify , or enforce the negotiation or performance of a contract . Transaction ledgers Conducting transactions on blockchain technology , all parties can gain transparent access to the data via a distributed network . This type of transaction can not be altered without permission from the network , which means all activity is verified and accurate . Ultimately , this can reduce the time and costs associated with conducting verifications .
Audits Blockchain technology can eliminate human error for investment managers , by using real time track and trace audit trails .
Infrastructure Adopting blockchain technology reduces transaction costs , as well as the need for infrastructure and the associated costs .
Source : Accenture and IBM
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