Senior economist Carlo De Meijer, presented as an independent financial services advisor, is one of news site Finextra’s regular bloggers – often focusing on crypto assets and the impacts of blockchain technology. In his latest post, a long one indeed, he puts corporate treasurers at the center of events.
Zooms in on one product
So what’s in blockchain for the treasurer? Plenty it seems, as the post goes through a long list of concrete points. As indicator of the future we are to enter, Carlo De Meijer focuses mainly on a single system product: Smart Treasury, from Adjoint, a Boston-based fintech supplier.
Most of the article has the character of a highly positive review, going through aspect by aspect of how the system can be applied. (There is no explicit indication that the writer is affiliated with the supplier, though. At the end of the article he points out that Smart Treasury will not be the only proposition out there, and that other blockchain-based projects targeting treasury functions are to be presented in in this and coming years.)
Here’s a list
A pick of sub-headings indicate what everyday activities in the treasury may soon be affected by the new technical abilities. Here are auto reconciliation, virtual accounts, the in-house self-service bank, private distributed ledgers, API integration with corporate ERP and treasury management systems (as well as with banks), liquidity management optimisation tools and what not.