Scorechain launches new blockchain research initiative Fundchain

Announcements | October 11, 2016 By:

Scorechain has announced Fundchain initiative, which is a constitution of 10 key innovative group of the Luxembourg fund industry in order to explore the impact of distributed ledger technology on asset management industry.

The project examines how blockchain technology could improve efficiencies, and create new business opportunities, within the investment fund industry. Ten of the world’s largest banks and financial services firms are founding members; BIL, BNP Paribas, CACEIS, European Fund Administration, HSBC, ING Luxembourg, Pictet, RBC Investor & Treasury Services, Société Générale Bank & Trust, and PwC Luxembourg.

“As any blockchain initiative the network effect is the main key to success. We aim to move beyond slideware and begin developing prototypes to test their integration within existing infrastructures. We have already identified several use cases in the fund distribution and asset servicing industry that could be interesting topics,” said Pierre Gérard, CEO of Scorechain.

Scorechain is a Luxembourg-based blockchain company.