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The R3 blockchain consortium has announced that seven buy-side and sell side firms, including AB (Alliance Bernstein), Citi, Credit Suisse and HSBC, have collaborated with it and Axoni to explore how blockchain technology could streamline reference data processes.
The group recently completed a multi-month proof of concept (PoC) exercise that aimed to build a distributed ledger prototype that can enhance the risk management, cost and efficiency issues inherent in managing financial reference data.
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The prototype was created using Axoni Core to simulate the collaborative management of reference data, ... (read more)