Vanguard is planning to use blockchain technology to automatically update mutual funds indexing such data as the names and share prices of companies. Fund firms, however, seem more interested in making the technology part of their operations. The blockchain -registered investment advisor, which has $650 billion 5tn under management, has successfully tested the distributed ledger technology to carry out processes normally overseen by people. Ross Kerber , a principal in the University of Chicago’s Booth School of Business '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.
Vanguard is planning to use blockchain technology to automatically update mutual funds indexing such data as the names and share prices of companies. The blockchain -registered investment advisor, which has $650 billion 5tn under management, has successfully tested the distributed ledger technology to carry out processes normally overseen by people. Ross Kerber , a principal in the University of Chicago’s Booth School of Business '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.