Global Funds Network Out Of Starting Gate On Blockchain Pilot

Josh O'Neill

13 June 2017

technology to reduce the frictional cost of trading across the industry on a global scale,” Campbell Brierley, chief information officer of Calastone, said. “Placing the market on a blockchain effectively opens the door for potential efficiencies across the whole transaction life-cycle in excess of those that could be achieved via the optimisation of transaction processing alone."

The firm is preparing to carry out the second phase of the proof-of-concept, and is engaging with “a number” of design partners from its client base.

"The design partners will help us test the model and understand the business challenges and requirements from a market participant perspective,” Ken Tregidgo, Calastone's deputy chief executive, said. “It's through technological innovation such as this that we aim to address the business and technical trading challenges faced by our customers across international markets.”