# kaal:claim:3409548-019

**Claim.** The Northern Trust and IBM blockchain removes a specific inefficiency in private equity deal practice by letting all involved parties in a deal look at a single compiled version of the transaction and all data relating to it, rather than reconciling multiple copies of the deal documents.

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

**Holds when.**

- private equity deal administration
- Northern Trust and IBM partnership from February 2017

**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.** Kaal, *Financial Technology and Hedge Funds* (2019), II.3 Blockchain Technology, page 19

**Cite as.** Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548

**Verify.** sha256 of source PDF `74227ab2656b06bfe4a29c942fc2ba26df9f476917e0a9f85ec038b8c3402c40` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Financial%20Technology%20and%20Hedge%20Funds.pdf

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

**Keywords.** private-equity, blockchain, northern-trust, ibm, administration

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3002908-037
- restates: https://wulfkaal.github.io/claims/2959730-024
- specializes: https://wulfkaal.github.io/claims/2998033-020

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