- A partnership has sparked between Northern Trust listed on the NASDAQ:NTRS, and PWC the largest auditing firm in the world.
- Basically Northern Trust a leading global asset management company announced yesterday that audit firms can now access fund data stored on a private equity Blockchain to audit specific events in the real time. So it will be a closed blockchain network used specifically to audit funds.
-It seems as if the blockchain is becoming more mainstream. This shows that leading services in the finance world is slowly coming on board with blockchain technology.
-The blockchain platform is from IBM, as you can see large existing fintech companies are making a move to adapt this technology and utilise its advantages.
-Another interesting topic was that a Canadian Bank filed a patent to make credit scores more accessible using blockchain technology.
- What we are witnessing is a push from mainstream business on early adoption essentially they are feeling their way into the industry.