The Fundchain initiative starts again this year with new R&D roadmap for the investment fund industry

Fundchain

Fundchain has announced today the return of the collaborative initiative to
make Blockchain applications real for the funds industry ecosystem.

This year, new major financial institutions have joined the Luxembourg
initiative led by the startup Scorechain where participants now include Brown
Brothers Harriman, European Fund Administration (EFA), HSBC, ING
Luxembourg, Pictet, RBC Investor & Treasury Services, PwC Luxembourg,
Schroders and SWIFT.

The aim for this second phase is to go beyond prototypes and to define readyto-
use products that the industry could implement in the short-term. All
participants are currently working together with the technological support of
Scorechain to focus on use cases subject to Blockchain redefinition.

Pierre Gérard, Scorechain CEO and Fundchain Project leader says: “During
Fundchain 2016 we had a global approach and we gave an overview on how
the Blockchain could impact the fund industry. The new phase will
concentrate on topics that could be implemented in a really near future. Thus,
the technological feasibility, the business model, interoperability and any
regulatory impacts will be analysed. Non core business use cases might be
the good targets”

Last year, after 6 months of research, the publication of a white paper on the
impact of DLTs on the fund distribution value chain and a regulatory study, the
group has finally decided to focus its research on the transfer agents
processes. The prototype has been unveiled through the name of the ‘Smart-
TA’. Using a private Ethereum blockchain that works, the PoC unveils how a
distributed ledger can incrementally improve and automate processes for
digital shares transactions. With a user-friendly interface the Smart-TA shows
how Blockchain technology can bring efficiency and transparency for all
industry participants involved in such activity, from customers to regulators.

  • Updated 19-10-2017