In: Finance
Develop a business case for using blockchain for asset and wealth management
Q-Develop a business case for using blockchain for asset and wealth management?
Answer - The asset management industry has grown in both size and complexity.The variety of fund structure in different asset classes to meet the investor’s demands. To service this products to investors business use service companies that act as intermediaries.The ability of blockchain to replace intermediary centralized systems and cut cost, reduce delays, provide more timely & accurate data and enhance reporting accuracy.
blockchain applied in asset management :-