Photo of Josias N. Dewey Risks can be significantly reduced if buildings and the environment that makes up the land have a way to communicate reliable information, Dewey writes.

MIAMI—This past February, Northern Trust announced that it had deployed a production-grade distributed ledger for one of its clients, a private equity fund. Beyond signaling that the technology was ready for use in the real world, the question of widespread adoption of distributed ledger technology (DLT) became one of when, not if.

The deployment provides insight into a class of use cases—asset management—often passed over for more ambitious projects. Even when asset management is discussed in the context of DLT, the focus is often on asset registries rather than asset management functions themselves.

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