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Impacts of the Blockchain on fund distribution

Impacts of the Blockchain on fund distribution

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SUMMARY

This report by Deloitte explains that blockchain is a highly disruptive technology that could have a significant impact on the financial services sector. Blockchain would enhance efficiency and transparency while improving regulatory control and removing several intermediaries.

Thanks to this technology transactions can be much more transparent and be reflected in nearly real-time. Also, with blockchain, there is no need to trust central parties.

According to this Deloitte study, it would be necessary for a transition period while blockchain is fully implemented. This period is required to transition for present processes to future business models. Input from users would also be crucial for blockchain's full implementation.

The essence of blockchain lies in the fact that middle-parties are not needed, therefore it cannot be implemented in isolation. All of the sector's stakeholders should work cooperatively to create a financial ecosystem to make the most of the blockchain's benefits. This is particularly relevant, the paper notes, for the Luxembourg asset servicing sector - full of companies that act as intermediaries. The Luxembourg market, the document adds, should go through a restructuring process, to be able to adapt to the new paradigm. Otherwise, the country's industry risks losing many players that could be substituted by new parties and lose its key role in the global fund sector, the study concludes.

 

OUTLINE

Introduction

Distribution and settlement

AML/KYC

Conclusions

DETAILS

Overview

Researchfinder Rating
5 out of 5 stars
Title
Impacts of the Blockchain on fund distribution
Region
Europe
Published
April 1, 2019
Publisher
Deloitte
Price
FREE
Language
ENGLISH

Content

Number of Pages
24
Number of Tables
0
Number of Exhibits
11
Topics
blockchain
Tags
blockchain, data protection, Deloitte, DLT, europe, financial services, fund management, privacy, smart contracts
Methodology
Not available.
EVALUATION

The main value of this report lies in its appealing design, excellent writing style and quality content on the blockchain on fund distribution.

  • Appealing design
  • Highly focused on the Luxembourg market
  • Quality graphics
  • Quality content
  • Understandable language
  • Clear conclusions
  • Good glossary

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