# kaal:claim:3002908-037

**Claim.** 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.

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

**Holds when.**

- private equity deal administration, partnership announced February 2017

**Source quote.**

> 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, page 23

**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

**Verify.** sha256 of source PDF `06a7b61e75f905ee07e422e875d83a65c5033a248a6e05a213523b034e5db534` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Dell%27Erba%20-%202017%20-%20Blockchain%20Innovation%20in%20Private%20Investment%20Funds%20-%20A%20Comparative%20Analysis%20of%20the%20United%20States%20and.pdf

**Topics.** private-funds, reputation

**Keywords.** private-equity, reconciliation, deal-administration, northern-trust

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3409548-019
- restates: https://wulfkaal.github.io/claims/2998033-020
- specializes: https://wulfkaal.github.io/claims/2959730-024

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