Will blockchain change the way funds are managed?
Thursday 25 January 2018
Recently there has been much excitement in the trade press about the UK government’s ambition to deliver a “blockchain enabled digital fund”, as revealed in the Government’s second UK Investment Management Strategy. For such a critical sector, representing 1% of the UK’s economy, the entire strategy is vague and lacking in clear direction, let alone ambition. The strategy’s approach to blockchain hopes that the Investment Association will create a “taskforce to agree to a framework to take this work forward”. This might represent exciting progress at Whitehall but is unlikely to stir anyone in the City to action, whether in Canary Wharf’s gleaming banking towers or the grittier post-warehouse tech offices around “Silicon Roundabout”.