2016 was the year of Blockchain PoC; 2017 will be the year of MVP. This document sums up Fundchain achievements with the launch of the Smart Transfer agent Blockchain prototype. The Fundchain initiative was launched in the summer with 10 key market players of the fund industry — BIL, BNP Paribas Securities Services, CACEIS, European Fund Administration (EFA), HSBC, ING Luxembourg, Pictet, RBC Investor & Treasury Services, Société Générale Bank & Trust, and Professional Services firm PwC Luxembourg —, the University of Luxembourg (SnT) and the Blockchain startup Scorechain. The aim is to develop solutions using Distributed Ledger Technology and smart-contracts to act as innovation pioneers for the fund distribution value chain in Luxembourg.

1. What has been done in 2016
Blockchain Research Initiative for the Fund Industry

2. www.fundchain.lu
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Fundchain 2016
Blockchain Research Initiative for the Fund Industry
10 participants from Fund Industry
University of Luxembourg
1 startup
4 Blockchain trainings
7 workshops
1 two-days hackathon
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1 Blockchain Proof of Concept “SmartTA”
running on a 10 nodes private
Ethereum Blockchain
1 White Paper covering business and
technical challenges and perspective
1 Regulation study
Presentation to the regulator - CSSF

3. www.fundchain.lu
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Information
and reporting
Regulator
Subscription
Redemption
Investors
All controls done
in the Blockchain
Smart-contract
Direct transfer
in the
Blockchain
Transfer of Shares
See Orders
and Cash
Asset Manager
This triggers
settlement
NAV / Cut-Off
Fundchain 2016
Proof of Concept: SmartTA
Private Ethereum Blockchain

4. www.fundchain.lu
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Fundchain 2016
Studies and outcomes
We have created a
Regulatory impact matrix
that shows what are the
current limitations for the
development of Blockchain
and what adjustments
should be made
Presentation to CSSF
The WP summarises all the
analyses that have been
done during the project and
presents all opportunities and
limits for a Blockchain
development in the asset
management industry
White Paper Regulatory Impact
With different logins, users can interact with the smart-contracts and see the
processes in the Ethereum Blockchain
Full demo available
Blockchain Proof of
Concept “SmartTA”
running on a 10 nodes
private
Ethereum Blockchain
PoC

5. 2017: PoC to MVP

6. www.fundchain.lu
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Join us!
Good value for money
Technology Expertise
Benefit from outcomes of Fundchain 2016
Economy of Scale / Cost sharing
First mover advantage

7. www.fundchain.lu
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MORE INFO
Lisa BOUSSARD
lisa.boussard@scorechain.com
Tel: +352 20 40 80 42 16