EquiChain, a London-based fintech startup, has unveiled a working paradigm for a blockchain-powered solution for uppercase markets, which promises to stimulate marketplace efficiency in addition to ameliorate global investor access inwards emerging in addition to frontier markets. The fellowship plans to implement a total end-to-end "execution to custody" airplane pilot inwards 2017. Founded inwards 2015 past times CEO Nicholas Bone, a onetime banker who has served at the Bank of England, Deutsche Bank, BNY Mellon in addition to virtually late Standard Chartered PLC, EquiChain is edifice a global uppercase markets infrastructure platform. By leveraging blockchain technology, EquiChain’s patent-pending solution enables the forthwith interaction in addition to central of value betwixt incumbent marketplace participants without the electrical current involve for multiple touchpoints in addition to the inefficient interaction of dissimilar systems. It farther creates a verifiable, transparent in addition to immutable catamenia of information, enabling the streamlining of marketplace processes. “The electrical current securities transaction lifecycle is complex, costly, time-consuming in addition to fraught amongst risk,” Bone said inwards a statement. “EquiChain volition utilisation distributed ledger engineering (DLT) to redefine securities transaction flows creating a total ‘execution to custody’ capability. EquiChain’s gist platform is an independent, flexible foundational engineering that allows incumbent marketplace participants to redefine their roles inwards the industry. [It] volition catalyze manufacture collaboration to define a novel uppercase markets operating model.” According to a written report past times Oliver Wyman, banks' information technology in addition to operations expenditure inwards uppercase markets totals $100–150 billion a year, amongst a farther $100 billion spent on post-trade in addition to securities servicing fees. Blockchain engineering could assist cut back the toll of providing securities services past times to a greater extent than than xxx percent. Focus on Emerging Markets Supported past times the Abu Dhabi Global Market, Bahrain Bourse in addition to the Qatar Stock Exchange, EquiChain said it volition focus on enhancing the investment viability of emerging in addition to frontier markets, outset amongst the Middle East. “Blockchain [technology] is especially relevant for emerging in addition to frontier markets, which are oftentimes perceived past times unusual investors equally beingness higher risk, piece typically having less cumbersome existing infrastructure to accommodate,” said Bone, adding that blockchain engineering could hand these markets the chance to leapfrog existing solutions. Markus Ruetimann, senior advisor to the EquiChain board in addition to the onetime grouping primary operating officeholder of U.K.-based property administration fellowship Schroders, noted that accessing frontier in addition to emerging markets poses many operational challenges. EquiChain’s solution volition brand these markets to a greater extent than accessible for investment, whilst reinforcing local infrastructure, he said. Alongside Ruetimann, EquiChain’s advisory board includes onetime Standard Chartered bankers Peter Sands in addition to Sonia Rossetti, equally good equally Eva Micheler, an associate professor of police at the London School of Economics. Technology threatens to disrupt the marketplace equally a whole in addition to that disruption may live on coming sooner than many think. Last year, Deutsche Bank conducted a survey which flora that of 200 fiscal marketplace participants, three-quarters run across blockchain engineering beingness widely used inside the adjacent 3 to half-dozen years. Over lxxx per centum aspect distributed ledger in addition to blockchain technologies to convey a major touching on on the marketplace for securities services. EquiChain has likewise announced the closing of its initial funding round. H5N1 spokesperson for the fellowship declined to portion details of the deal.The postal service Blockchain for Capital Markets: EquiChain Unveils Working Prototype appeared firstly on Bitcoin Magazine.
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