In a first in the past six years, a lineup of investors, including the US government, is set to pour in money into Puerto Rico. On its road to recovery from the 2017 natural disaster, municipal-bond mutual funds are purchasing the government’s debt. As the union territory of USA steadily progresses to winning potential court approval to restructure over $17 billion of sales-tax-backed debt, the need for automation and tokenization to streamline the flow of the massive volume of money has come to the fore. HC Net – the blockchain network by software development company HashCash Consultants – which has established itself as one of the best platforms to build blockchain powered financial solutions on, is gaining momentum in the mutual investment market in Puerto Rico.

The Mutual Fund Investments and Securities Exchange built on HC NET:

The blockchain platform by HashCash combines low-cost stock and options trading with the highest privacy and security. The Securities trading exchange platform enables corporate clients to issue their securities such as Investment funds, REITs, Commodities and others. These are listed by Fund Management companies in numerous HashCash offered trading exchanges present around the globe.

The blockchain company formats private blockchain networks in line with/on HC NET which tokenize Security titles. The Securities Trading Exchange set up communicates with the blockchain network to manage the dynamic allocation of the Titles of the securities as trading occurs on the exchange.

The exchanges are equipped to handle order types such as Limit, Market, Stop loss, Basket trading, Margin, Futures, Options and more. A client can circumvent the hefty license fee and choose the No license fee model offered. The team at HashCash Consultants develops customized exchange platform for a one-time low setup cost and optional maintenance contracts. Flexibility here, too, can be found in Time-in-Force choices such as ‘Good Till Cancel,’ 1 HR, 2 HR, 12 HR or custom time frames that are available.

Other benefits include on-boarding accredited investors and clients who are interested in issuing securities through an automated validation process. Users can also avail advanced analytics and risk management modules for a better experience.

Benefits of a blockchain network in mutual funds investment management:

A new report argues that switching to a distributed, blockchain-based infrastructure could bring significant financial benefits to the asset management industry. According to the speculation of a prominent transaction network for the mutual funds industry, implementing blockchain in mutual funds management could bring down costs by over $2.5 billion a year. For the research, data from a 2016 study containing the potential basis point (BPS) savings in key global markets including the UK, Ireland, Australia, Hong Kong, Luxembourg, Singapore, and Taiwan was calculated.

Distributed Ledger Technology brings with it several properties such as,

1. Reliability and availability – Blockchain puts into place a consensus mechanism which prevents malicious attacks and unauthorized alteration of data. Since control is not concentrated in one computer in a distributed ledger system, DLTs do not have one point of failure.

2. Transparent and immutable – Network participants can easily track the movement of money within a blockchain network such as HC NET. The information stored in a blockchain ledger is immutable and facilitates traceability. Transparency and permanence together deter fraud and increase auditibility.

3. Automates complex processes – Blockchain reduces the time taken to complete transaction processing as well as operation costs by eliminating intermediaries. Portfolios would be updated nearly instantaneously without any errors.

HC NET makes ingress in more industries:

HC NET has brought disintermediation to online gaming, mining, banking, insurance, and supply chain management in general. Raj Chowdhury, MD of HashCash Consultants, said, “The World Economic Forum highlighted in a survey that by 2025 about 10% of the global GDP would be stored on blockchain platforms. HC NET has taken the opportunity to make a mark in the fund sector that is seeking new tech to optimize processing without relying on financial service intermediaries. In the case of investment management, HC NET saves time and enhances efficiency by doing away with the necessity for multiple companies to input the same data. It is a blockchain network one can expect to see in the exploration of the potential of DLT in the trading system.”

About HashCash Consultants

HashCash Consultants started as a Blockchain Consulting Company in California. Today, HashCash products enable enterprises to move assets and settle payments across borders in real-time using HashCash Blockchain network, HC NET. Financial Institutions use HC NET for Retail Remittances, Corporate Payments, Trade Finance, and Payment Processing. HashCash also runs the US-based cryptocurrency exchange, PayBito and the leading Cryptocurrency payment processor, BillBitcoins.

HashCash offers cryptocurrency exchange and payment processor white label solutions, comprehensive ICO services and customized use case design and development. HashCash propels advancement in the field of blockchain through the Blockchain1o1 program and its investment arm Satoshi Angels.

Source: markets.businessinsider.com/news/stocks/hc-net-is-on-fasttrack-to-dominate-the-mutual-funds-investment-infrastructure-in-puerto-rico-1028057738