In the Margins

Vanguard eyes using blockchain for index data

December 12, 2017

By Reuters

Vanguard Group is moving to use blockchain to simplify how it updates index data underlying mutual funds, executives said on Monday. Vanguard has successfully tested blockchain to automatically update data like the names and share prices of companies in index funds, processes that must currently be closely overseen by individuals, said Warren Pennington, a principal in Vanguard’s investment management group. Read the original story from Reuters.

 

 

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