# kaal:claim:2959730-024

**Claim.** A blockchain program for private equity administration allows all involved parties in an equity deal to look at a single compiled version of the transaction and all other data relating to the deal, replacing the reconciliation of multiple document copies.

**Type.** design  **Support.** argued

**Holds when.**

- private equity transactions administered on a shared ledger

**Source quote.**

> the blockchain program announced by Northern Trust and IBM allows all involved parties in an equity deal to look at a single compiled version of the transaction and all other data relating to the deal.

**From.** Wulf A. Kaal, *Blockchain Applications and Fee Structure Developments in Private Investment Funds* (2017), V. Private Investment Funds' Use of Blockchain Technology, page 13

**Cite as.** Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2959730

**Verify.** sha256 of source PDF `ebd86972d8817b0c1c80326ae5564476983cedba3f258ff3b2610f156b93fb50` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Applications%20and%20Fee%20Structure%20Developments%20in%20Private%20Investment%20Funds.pdf

**Topics.** private-funds, blockchain

**Keywords.** private-equity, document-reconciliation, shared-ledger, deal-administration

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3409548-019
- generalizes: https://wulfkaal.github.io/claims/3002908-037
- restated_by: https://wulfkaal.github.io/claims/2998033-020

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