BKCM has launched a Productive Asset Record (PAR) System, which is designed to efficiently create, manage and administer capital pools by combining the strengths of public and private ledgers using blockchain technology.
PAR System will use cryptocurrency tools to connect traditional and cryptocurrency financial systems.
The connection to the traditional financial system will allow the PAR System to be used by virtually any capital pool from hedge funds to charitable organisations to social lending organisations.
BKCM founder and CEO Brian Kelly (pictured) says: "In addition to leveraging blockchain technology to enable better, faster and cheaper capital formation, the PAR System's real time immutable ledger represents a first of kind defence against fraudulent and deceptive activity."
A white paper by the firm says the PAR System is designed to drastically reduce the cost of hedge fund administration; enable greater capital formation, increased post-close liquidity, and lower the barrier of entry for investing in funds; use the strengths of decentralised technologies to disrupt the current model of capital pool administration; and enhance regulatory oversight by enabling inalterable real-time auditing of capital pools.
According to BKCM, PAR provides flexibility and automation of capital flow by allowing capital pool directors to create rule sets that govern capital flow, investment return allocation, and fee collection.
The software also assists in intelligent lending and hedge fund administration.
BKC’s strategic investment in Tendermint via the Cosmos Network provides leverage for cross blockchain connectivity and the rapid development of future products.
