Blockchain was originally considered to be the innovative
technology that only supported cryptocurrencies like bitcoin and
ethereum. Recently the technology has been garnering attention from
investors and companies as an infrastructure solution capable of
bringing disintermediation to all industries through the execution
and recording of transactions.
Although the idea of a fully decentralised public permissionless
blockchain may be miles away, in the interim, blockchain technology
still has the potential to transform a wide variety of practices
and products due to reduced costs, enhanced risk mitigation and
greater efficiency through the use of private blockchains and
trusted third parties.
The Cayman Islands investment funds industry can capitalise on this
opportunity to retain its funds-sector dominance through the
adoption of blockchain components such as tokenisation, digital
identities and smart contracts. While the market has already seen
the emergence of tokenised funds, a fully blockchained investment
fund is still at the theoretical stage — but what would one
look like?
Originally published by In-House Community.
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