# kaal:claim:2998033-020

**Claim.** 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.

**Type.** mechanism  **Support.** evidenced

**Holds when.**

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

**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 Innovation for Private Investment Funds* (2017), III.1. Administrative Process & Compliance Optimization, page 20

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

**Verify.** sha256 of source PDF `aafb1be3c25cd33da477d759df9ca2f856f0a8fe133d6396da2e75d0af573dbd` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Innovation%20for%20Private%20Investment%20Funds.pdf

**Topics.** private-funds, reputation, disclosure

**Keywords.** private-equity, reconciliation, northern-trust, fund-administration, transparency

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3002908-037
- generalizes: https://wulfkaal.github.io/claims/3409548-019
- restates: https://wulfkaal.github.io/claims/2959730-024
- extends: https://wulfkaal.github.io/claims/2959730-023

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.