Title: Blockchain for the asset management industry

Authors: Vijaya Killu Manda; Vijaya Kittu Manda; Vedavathi Katneni

Addresses: GIS, GITAM (Deemed to be University), Visakhapatnam, India ' GIM, GITAM (Deemed to be University), Visakhapatnam, India ' GIS, GITAM (Deemed to be University), Visakhapatnam, India

Abstract: The financial asset management industry is constantly looking for ways to reduce the cost of running funds by simplifying their processes and making it easier to comply with regulatory requirements. Blockchain provides a feasible solution to these requirements. This paper explores the operational and implementation aspects of the business-grade version of the enterprise blockchain technology that benefits all stakeholders in the asset management industry using a theory-driven approach. Implementation technology, procedure, regulation, and social dimensions for practical implementation are discussed. Enterprise Ethereum Alliance's (EEA) Ethereum Architecture Stack describes the architectural framework in the technical implementation. This paper explains how EEA features give the asset management ecosystem a value proposition from a practical implementation perspective. Hence, stakeholders (regulators, asset management companies, registrars) and financial intermediaries get directions on migrating to the blockchain network.

Keywords: asset management; fund management; smart contract; regulatory; technology; Ethereum; enterprise blockchain.

DOI: 10.1504/WRSTSD.2023.127266

World Review of Science, Technology and Sustainable Development, 2023 Vol.19 No.1/2, pp.170 - 185

Accepted: 18 May 2021
Published online: 30 Nov 2022 *