Asset management has a rich and traditional past that has helped build many people's fortunes over the years; many of the world’s uber-rich have their backgrounds in hedge funds and other forms of smart asset management. However, like everything at this juncture in time, there is a change in the wind and asset management is not immune. For this reason, asset management has had to start looking forward rather than languishing on its stuffy past. Successful asset management services are reliant on vast amounts of data, so it immediately makes sense that the science behind Big Data and the analytical power that comes with it be pointed towards asset management. IBM have recently introduced the Maximo Network on blockchain, a product designed to complement the industry leading asset management capabilities already offered by Maximo (an Enterprise Asset Management tool that lets an individual maintain all asset types, check their health in real time and streamline global operations, from procurement to contract management - this is also done utilising IoT)IBM state their reasons why blockchain specifically can enhance asset management.

Source: Forbes January 22, 2019 13:38 UTC