British FINTECH company Calastone, specializing in the management of investment flows, they announced the launch of its payment system on the blockchain in may 2019. In Calastone expect that technology will help to reduce the costs of the global sector of calculations on billions of dollars, according to Reuters.
Calastone provides assessment services/ risk management, IT infrastructure, and payments solutions to more than 1,700 firms, including JP Morgan Asset Management, Schroders and Invesco.
Every month these organizations through a network Calastone share 9 million messages and transactions totaling $217 billion we will Note that at the moment they use three types of messages: to create orders, confirm pricing and to confirm receipt.
Based on the report of the auditing company Deloitte, specialists Calastone said that the blockchain is able to reduce the annual costs of the global sector calculation of $4.3 billion
We will remind, in the beginning of 2016 Calastone joined blockchain consortium Hyperledger.
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