The Northern Trust and IBM blockchain program removes the need for parties to reconcile multiple copies of deal documents by letting every party to a private equity deal look at a single compiled version of the transaction.
Source quote, verbatim
which requires parties to reconcile multiples copies of the documents that form the deals to understand the greater picture, the blockchain program announced by Northern Trust and IBM allows all involved parties in an equity deal to look at a single compiled version
From
Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and (2017), IV.1. United States, p. 23 https://ssrn.com/abstract=3002908 · source PDF
Cite as
Wulf A. Kaal, Marco Dell'Erba, Blockchain Innovation in Private Investment Funds - A Comparative Analysis of the United States and (2017). SSRN: https://ssrn.com/abstract=3002908
Holds when
private equity deal administration, partnership announced February 2017
restated_bykaal:claim:3409548-019 The Northern Trust and IBM blockchain removes a specific inefficiency in private equity deal practice by letti...
restateskaal:claim:2998033-020 Blockchain removes the reconciliation problem in private equity administration by letting every party to a dea...
specializeskaal:claim:2959730-024 A blockchain program for private equity administration allows all involved parties in an equity deal to look a...
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