Chain Partners with Nasdaq to Bring Block Chain Technology to the Private Market
Since the revelation that Bitcoin was more than just something that was used on the darknet markets, interest has steadily been growing in Bitcoin and cryptocurrencies. A narrative has emerged where the block chain itself is the only value of the Bitcoin project. Many feel this is a dismissive and misunderstanding way to view the technology while others figure it doesn't matter how their interest in Bitcoin manifests, so long as it does. A distributed, transparent ledger would certainly help an organization like the Nasdaq. It would aid in the settlement of trades, and it could help....
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Nasdaq hasn't been around Bitcoin's Block Chain very long, but they like what they see and are moving to integrate fully with its innovations. The new technology the block chain provides intrigues Nasdaq enough to begin a larger integration with their product portfolio, and the ability to make new offerings for their clientele. In the second half of 2015, this will allow Nasdaq to create a block chain-enabled digital ledger program for the expansion and enhancement of the Nasdaq Private Market platform. NASDAQ Expands Use of Bitcoin's Block Chain Technology. Their implementation of the....
Nasdaq was the first fully electronic stock exchange, launching in 1971. Other exchanges still required traders to turn in slips of paper, which wouldn't only be a hassle, but also inefficient with a lot of room for error. Fast-forward 44 years, and Nasdaq is looking at becoming the first stock exchange to use the block chain, the decentralized ledger at the heart of Bitcoin and most, if not all, cryptocurrencies. Last month, Nasdaq announced it had partnered with Chain, a block chain services provider, to facilitate the efficient issuance and transfer of shares in privately-held....
Chain is shutting down its free Bitcoin API service as a part of a wider effort to become an enterprise blockchain technology solutions provider from an API service provider. Chain, a blockchain technology startup has announced the end of its free Bitcoin API service. The San Francisco-based company secured a $30 million investment in a round of funding in September, with investors such as Visa, Nasdaq and Citi. Initially, Chain -through the use of its API and system nodes - offered services as an API services provider to bitcoin platforms. By hitting the kill switch on its free API....
In an announcement today, Nasdaq revealed the issuance of its client Chain.com’s share to a private investor using the company’s private-market blockchain platform Linq. Calling it a ‘major advance’ in blockchain technology for private companies, a Nasdaq press release has announced the issuance of shares by Chain.com to a private investor using its blockchain-powered trading platform, Linq. The transfer of share represents the first-ever successful private issuance of shares using blockchain technology. The transaction represents a quick leap from launch to operations for Nasdaq’s Linq, a....
"This isn't about PR for Nasdaq." So explains Adam Ludwin, founder and CEO of Chain, the blockchain technology startup that has been in dialogue with American stock exchange and trading technology specialist Nasdaq for the past year. Yesterday's announcement that Nasdaq would be testing the blockchain for its pre-IPO exchange Nasdaq Private Market with Chain, Ludwin said, was simply the first joint announcement between two companies that have developed a close working relationship. But, while other tech companies like Microsoft and Dell have made big entrances into the industry only to....