Pensions

Dutch pensions giants eye blockchain to cut admin costs

APG and PGGM want to shift from copying data between multiple back-office systems

Dutch pensions giants eye blockchain to cut admin costs

Dutch pensions giants APG and PGGM have turned to blockchain technology in a bid to reduce the cost of back-office pension administration.

A team of 12 engineers have been working on the joint project using dummy data in order to simplify fund administration, with a first experiment, which started in April, now completed.

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