NASDAQ Details Upcoming Use of Bitcoin's Block Chain Tech
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....
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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....
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....
AnonCoin is today's Random Coin of the Day. AnonCoin launched on June 6, 2013, and is currently the only coin to support the I2P darknet. The coin team is currently working on a "ZeroCoin" implementation to allow for cryptographic anonymity in transactions. Unlike banks, your "account" details are publicly visible on the block-chain. The block-chain doesn't contain anyone's name, phone number, or other details about them. Through the use of data mining for transaction analysis, and analyzing someone's spending habits, governments, companies, or even individuals who understand how the....
"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....
Like the Internet did 25 years ago, Bitcoin and its block chain technology are bringing the next generation of technological advancement to industries around the globe. One industry that certainly needs an infusion of new technology and efficiencies is the banking industry. Major financial companies like Goldman Sachs, NASDAQ, and The New York Stock Exchange have stepped forward to invest and learn what these innovations can do for them. Some are open-minded to bitcoin as a currency, but bankers are looking more at integrating the block chain technology without the currency. Bitcoin and....