[2017-02-22] ToI: Northern Trust uses blockchain for private equity records

[polynesia]

Northern Trust uses blockchain for private equity record-keeping

http://timesofindia.indiatimes.com/business/international-business/northern-trust-uses-blockchain-for-private-equity-record-keeping/articleshow/57285792.cms

Northern Trust Corp has deployed a new blockchain-based system built with International Business Machines Corp to record information on transactions involving private equity funds, in one of the first commercial deployments of the nascent technology.

The program is currently being used to manage the administration of a private equity fund run by Switzerland-based asset manager Unigestion, Northern Trust and IBM said on Wednesday.