Vanguard is planning to use blockchain technology to automatically update mutual funds indexing such data as the stock and share prices of companies . The US - registered investment advisor , which has nearly $ 5tn under management , has successfully tested the distributed ledger technology to carry out processes normally performed by people . Warren Smith , a principal in Vanguard 's fund management group , said blockchain could serve as a " real - time automated index process " , while stressing the aim was not to replace staff but to free them up for other tasks .
Vanguard is planning to use blockchain technology to automatically update mutual funds indexing such data as the names and share prices of companies. The US-registered investment advisor, which has nearly $5tn under management, has successfully tested the distributed ledger technology to carry out processes normally overseen by people. Warren Pennington, a principal in Vanguard's investment management group, said blockchain could serve as a "real-time automated index process", while stressing the aim was not to replace staff but to free them up for other tasks.