Noncha, Franz discussed on FinTech Insider

FinTech Insider


I think so i think punks in of noncha services companies really excited about blockchain but they just haven't quite yet worked out how to get over the line so but the most promising projects of coming into into fruition coming from existing utilities things like calisto or the australian stock exchange so that coming from already sort of networked positions as opposed to just one guy trying to pull some cells richard creek all vs open says is only so much fun you can have your book yeah you mentioned a couple of examples caledonia sex dtcc several of the financial market infrastructure providers and this funds dot that a pretty interesting there's there's a few others out there doing stuff in the alternatives private equity in this sort of stuff really trying to take alternative asset classes and give them the kind of kind of straight through processing across organizations can you give any example maybe from the public domain of the difference that would make today voces tomorrow could can what for alternative specifically with any trying today's process tomorrow's process just to really make it real say funds deal to us is maybe an interesting that you mentioned and i think funds generally is an area where asset managers can be is there destiny in the sense that that issue is the assets as opposed to the investors of the set so they can actually make the decision right we're going to issue some of the units of funds onto a blockchain deal to you kind of platform and there are a few so stone is one of the big little networks they've announced that they're going to chain and funds deal in luxembourg and then isn't as and franz all working on a on a similar problem and so instead it just just to give an example of today's process so say i want to buy units and the block global equity fund and that's the way that idea that is i give my money money gets taken from me sort of a payment mechanism and then built into the system transfer agents custodians csd's.

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