BlackRock calls for blockchain to fix futures processing snags
Asset manager wants industry to move faster in adopting “single source of truth” model
Distributed ledger technology (DLT) should be used to mend the operational breakdowns in futures processing seen during the pandemic-induced meltdown of 2020, according to the world’s largest asset manager.
“A DLT-type solution is a perfect example of how you would distribute data and a single source of truth. And that allows us to move away from a model where we essentially have every single participant across the industry replicating and reconciling, and ultimately burning a lot of calories,”
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