BlackRock, the world's largest investment manager, is piloting a blockchain programme aiming to reduce errors in communications between itself and its custodians. The programme, which the company is calling Aladdin Provider, uses a private blockchain. The firm is planning to roll out a similar programme for its clients if it proves successful. BlackRock is also planning a technology-driven hiring push, looking to add five technologists to its staff by 2020.
BlackRock, the world's largest investment manager, is piloting a blockchain programme aiming to reduce errors in communications between itself and its custodians. The programme, which the company is calling Aladdin Provider, uses a private blockchain. The firm is planning to roll out a similar programme for its clients if it proves successful. BlackRock is also planning a technology-driven hiring push, looking to add 2,000 technologists to its staff by 2020.