Transformative Change | KPMG | PH

Transformative change: How innovation and technology are shaping an industry

Transformative Change

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What exactly is a blockchain?

Our respondents showed little interest in blockchain as a digital-currently platform. It is much more likely that based on recent market developments, hedge fund managers may be utilizing blockchain-based technologies to provide faster and more secure transactions, streamlining and automating back-office operations and reducing costs.

As a distributed ledger database, blockchain is able to maintain a continuously growing list of transaction records that are considered immutable, and it is increasingly becoming the destination platform for financial services companies.

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