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State Street Is Testing Blockchain for Securities Lending

December 22, 2016

 

Source: Fortune

State Street 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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