{"title":"Blockchain for the asset management industry","authors":"Vijaya Killu Manda, Vijaya Kittu Manda, Vedavathi Katneni","doi":"10.1504/wrstsd.2023.127266","DOIUrl":null,"url":null,"abstract":"The financial asset management industry is constantly looking for ways to reduce the cost of running funds by simplifying their processes and making it easier to comply with regulatory requirements. Blockchain provides a feasible solution to these requirements. This paper explores the operational and implementation aspects of the business-grade version of the enterprise blockchain technology that benefits all stakeholders in the asset management industry using a theory-driven approach. Implementation technology, procedure, regulation, and social dimensions for practical implementation are discussed. Enterprise Ethereum Alliance's (EEA) Ethereum Architecture Stack describes the architectural framework in the technical implementation. This paper explains how EEA features give the asset management ecosystem a value proposition from a practical implementation perspective. Hence, stakeholders (regulators, asset management companies, registrars) and financial intermediaries get directions on migrating to the blockchain network.","PeriodicalId":35200,"journal":{"name":"World Review of Science, Technology and Sustainable Development","volume":"15 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"World Review of Science, Technology and Sustainable Development","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/wrstsd.2023.127266","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Multidisciplinary","Score":null,"Total":0}
引用次数: 1
Abstract
The financial asset management industry is constantly looking for ways to reduce the cost of running funds by simplifying their processes and making it easier to comply with regulatory requirements. Blockchain provides a feasible solution to these requirements. This paper explores the operational and implementation aspects of the business-grade version of the enterprise blockchain technology that benefits all stakeholders in the asset management industry using a theory-driven approach. Implementation technology, procedure, regulation, and social dimensions for practical implementation are discussed. Enterprise Ethereum Alliance's (EEA) Ethereum Architecture Stack describes the architectural framework in the technical implementation. This paper explains how EEA features give the asset management ecosystem a value proposition from a practical implementation perspective. Hence, stakeholders (regulators, asset management companies, registrars) and financial intermediaries get directions on migrating to the blockchain network.
期刊介绍：
WRSTSD is a multidisciplinary refereed review on issues that will be central to world sustainable development through efficient and effective technology transfer, the challenges these pose for developing countries, and the global framework for dealing with science and technology. The general theme of WRSTSD is to discuss integrated approaches to the problems of technology transfer within an urban and rural development context. The theme has been very carefully chosen to include science and technology and the challenges these represent in terms of sustainable development.
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