BlackRock is making waves today with the expansion of its program for shareholder voting by clients. Coincidentally I had the chance to hear from Larry Fink at a small forum shortly after the announcement. #Technology is mentioned throughout Fink's letter — 10 times — as he describes what will make the "revolution in shareholder democracy" possible: https://lnkd.in/ggER6Bz2. What he didn't share in the letter but told us in the room is that he really envisions the #tokenization of financial assets to, in the long run, bring this trend to fruition. "I actually think tokenization and blockchain are going to be the biggest transformation to our business," said Fink. With a record of every owner of every security maintained on distributed ledgers (blockchains), the complexity and cost of processing shareholder votes could be dramatically lower. That would further incentivize asset managers and public companies to join the "revolution." Will this be another real-world use case for #blockchain technology? Add your thoughts in the comments below.
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