Optimizing the core business processes of financial asset management companies using blockchain technology

Abstract

ABSTRACT The aim of this paper is to look at how blockchain technology can be used for the core business processes of an asset management company and what the best tools are to set up a blockchain. This study followed a qualitative and quantitive case study research methodology at a small to mediumsized asset management company. This paper argued that Corda was the best blockchain platform because of scalability, auditing for regulators and offering a specific consensus between firms. However, it was evident that blockchain platforms are still in constant development, thus it is important to use the framework provided in this study to evaluate blockchain platforms in a changing industry. Keywords Blockchain, distributed ledger technology, financial sset management, blockchain platforms