RegChain Reaction - Revolutionary reg. reporting in the funds world
Deloitte, in collaboration with Irish Funds and their members, advanced “Project Lighthouse” to assess blockchain technology’s ability to service regulatory reporting requirements. The project tested the ability for a platform to provide individual nodes for fund administrators to store and analyze fund data while coding regulatory reporting requirements into smart contracts for execution and data validation.
A regulator node was also facilitated, allowing the safe and secure exchange of data between firms and the regulator, as well as to increase overall reporting efficiency and market transparency. In addition to technical design and development, a comparative business analysis was undertaken to review the cost-benefit analysis of the proposed blockchain solution.
Performance magazine issue 23, May 2017
Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.