State Street Tests Blockchain for Tracking Investment Transactions
State Street is working on a new blockchain project aimed at cataloging transactions tied to investment assets. The Boston-based investment services firm is partnering with California-based blockchain startup PeerNova on the project. The prototype being developed will track funds used in investment transactions. The firm suggested in statements that the trial could ultimately lead to a future product line focused on the tracking of assets using the technology. Hu Liang, senior vice president for State Street’s Emerging Technology Center, said of the project: "Together, we are....
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