BlackRock – industry Goliath facing a Blockchain David

(LONDON 26 July 2016) BlackRock may be the industry ‘Goliath’ about to be hit by a stone from a ‘David’ competitor. The advent of a combination of Blockchain, ‘Smart Contracts’ and IBOR (click here for brief explanation of Blockchain) enable Asset Management firms to eliminate up to 50-95% of their operating costs across people, process, IT and infrastructure. This facilitates a …