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The Fundchain initiative starts again this year with new Research & Development roadmap for the investment fund industry

Fundchain has announced today the return of the collaborative initiative to make Blockchain applications real for the funds industry ecosystem.

This year, new major financial institutions have joined the Luxembourg initiative led by the startup Scorechain where participants now include Brown Brothers Harriman, European Fund Administration (EFA), HSBC, ING Luxembourg, Pictet, RBC Investor & Treasury Services, PwC Luxembourg, Schroders and SWIFT.

The aim for this second phase is to go beyond prototypes and to define ready-to-use products that the industry could implement in the short-term. All participants are currently working together with the technological support of Scorechain to focus on use cases subject to Blockchain redefinition.

Pierre Gérard, Scorechain CEO and Fundchain Project leader said:

During Fundchain 2016 we had a global approach and we gave an overview on how the Blockchain could impact the fund industry. The new phase will concentrate on topics that could be implemented in a really near future. Thus, the technological feasibility, the business model, interoperability and any regulatory impacts will be analysed. Non core business use cases might be the good targets

Last year, after 6 months of research, the publication of a white paper on the impact of DLTs on the fund distribution value chain and a regulatory study, the group has finally decided to focus its research on the transfer agents processes. The prototype has been unveiled through the name of the ‘Smart-TA’. Using a private Ethereum blockchain that works, the PoC unveils how a distributed ledger can incrementally improve and automate processes for digital shares transactions. With a user-friendly interface the Smart-TA shows how Blockchain technology can bring efficiency and transparency for all industry participants involved in such activity, from customers to regulators.


Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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