kaal:claim:2998033-020

Blockchain removes the reconciliation problem in private equity administration by letting every party to a deal view a single compiled version of the transaction and its associated data, instead of reconciling multiple copies of deal documents.

Source quote, verbatim

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 Innovation for Private Investment Funds (2017), III.1. Administrative Process & Compliance Optimization, p. 20
https://ssrn.com/abstract=2998033 · source PDF

Cite as

Wulf A. Kaal, Blockchain Innovation for Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2998033

Holds when

illustrated by the February 2017 Northern Trust and IBM private equity administration partnership

Classification

mechanismsupport: evidencedprivate-fundsreputationdisclosure

Related claims

restated_by kaal:claim:3002908-037 The Northern Trust and IBM blockchain program removes the need for parties to reconcile multiple copies of dea...
generalizes kaal:claim:3409548-019 The Northern Trust and IBM blockchain removes a specific inefficiency in private equity deal practice by letti...
restates kaal:claim:2959730-024 A blockchain program for private equity administration allows all involved parties in an equity deal to look a...
extends kaal:claim:2959730-023 The current legal and administrative processes that support private equity are time consuming, expensive, lack...

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Positions extending this scholarly claim