Blockchain: A revolution in the making

Fund managers think blockchain will have a big effect; however, few are using it.

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Data from fund administrator IQ-EQ (you may remember them as SGG Group) suggest that GPs have high hopes for blockchain technology. Half of the 121 private equity fund professionals surveyed said they thought it would have a significant impact. Examples of its use today, however, are rare; only 3 percent said they were doing so. Partners Group, for example, uses a blockchain-based security protocol to aid fraud prevention to protect instructions to clients that do not have the SWIFT payment system.