RT Journal Article
SR Electronic
T1 Blockchain-Enabled, Subscriber-Based Capital Markets Index Data Distribution
JF The Journal of Index Investing
FD Institutional Investor Journals
SP 83
OP 87
DO 10.3905/jii.2017.7.4.083
VO 7
IS 4
A1 Warren Pennington
A1 John Evans
YR 2017
UL https://pm-research.com/content/7/4/83.abstract
AB A private, permissioned, peer-to-peer capital markets index data distribution architecture would streamline the provision and ingestion of securities index data from index provider to index subscribers. Limiting access on the blockchain network to trusted parties (subscribers) reduces the overhead needed to secure consensus in writing and validating new blocks of data and eliminates the need for incentives and the traditional “mining” associated with public peer-to-peer blockchain architectures. Applying defined permissioning to the different participants in the blockchain further refines activities and access abilities, such as regulator view all; subscriber read and propose records; and provider read, write, and approve new records proposed by subscribers. Various consensus models could be employed, depending on the implementation environment and underlying choice of blockchain base code, so long as access is enforced primarily at the network environment level and permissions are enforced at the blockchain level.TOPICS: Mutual funds/passive investing/indexing, information providers/credit ratings