for periodic reports about actions taken by a fund manager, auditors will get the information almost immediately.
"We've taken and updated a process that was manual and happens periodically, and we've enabled that to be done on a daily basis in an automated manner," said Northern Trust president of corporate and institutional services, Pete Cherecwich, in an interview with CoinDesk.
While only one Northern Trust client, the Swiss investment manager Unigestion, is currently using the blockchain platform that went live last year, Cherecwich positioned the new capabilities as a way to attract more users.
https://www.coindesk.com/northern-trust-and-pwc-launch-instant-blockchain-audits/
