Financial innovation: The blockchain system would transform the collateral posted by an investor to borrow securities from State Street
NEW YORK: State Street Corp has tested a blockchain system that it hopes can be used to streamline the securities lending process as the financial industry accelerates efforts to adopt the emerging technology.
The software, which was tested this year over the course of seven months, could be chosen as one of the company's blockchain projects to be implemented in 2017, Hu Liang, senior managing director of the Emerging Technologies Center at State Street, told Reuters.
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