Mr Van den Bergh said it was still early days for the applications of blockchain in financial services, but he expected rapid growth in the sector.
“The World Economic Forum predicted that by 2027 about 10 per cent of world GDP will be in digital assets, that’s about $US10 trillion,” he said.
“We are really seeing a paradigm shift – if the internet was a way to spread data in an unsecure way, then blockchain is a way to spread data in a secure way.
“The internet really did not change the financial industry, the only thing that changed was the sales process.
“Rather than going to a mutual fund in person, now I go on my phone, but the entire value chain from asset origination, depreciation of the asset, the brokering, all the different middlemen, they are all there.
“There is still a trusted intermediary that arranges the whole process – it wasn’t disrupted by the internet.
“Blockchain definitely will disrupt and make it very decentralised, so we will see a paradigm shift in the next few years going forward.”