Northern Trust Pushes Forward with Private-Equity Blockchain
Two firms are already live on the platform, with another three soon to be up and running.
Northern Trust is using the IBM Blockchain Platform on the IBM Cloud to develop and run the network—though the platform is proprietary, in that it had to be customized for the private-equity space—and it was built using the Linux Foundation Hyperledger Fabric.
Dan Houlihan, head of Northern Trust’s Global Funds Services Americas unit, tells WatersTechnology that two clients are fully live on the platform, another is scheduled for the end of June, and then there are two more clients that are
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