Nasdaq to Push Forward with Blockchain Applications
On May 11, the leading stock exchange Nasdaq announced that it would begin experimenting with the blockchain technology that powers Bitcoin. The Wall Street Journal reported that Nasdaq will start with a pilot project in Nasdaq Private Market, a recently launched marketplace that handles pre-IPO trading among private companies. "Utilizing the blockchain....
Related News
E-voting has emerged as an area with many applications, including shareholder voting, according to a Nasdaq report by Richard DeMarinis, principal software engineer at Nasdaq’s enterprise architecture and Heidi Uustalu, head of Nasdaq Tallinn issuer services, and Frederik Voss, head of Nasdaq blockchain strategy. Nasdaq announced interest in 2016 in a new e-voting platform using blockchain technology on its Tallinn exchange in Estonia. The project leveraged digital ID solutions used by the government to provide ID cards to foreigners through the country’s e-Residency program. The Nasdaq’s....
The leading stock exchange Nasdaq is no newcomer to the brave new world of blockchain technology. In May, Bitcoin Magazine reported that Nasdaq would begin experimenting with the blockchain technology that powers Bitcoin, starting with a pilot project in Nasdaq Private Market, a marketplace that handles pre-IPO trading among private companies. Interestingly, Nasdaq didn't plan to develop an alternative blockchain. Rather, the company said that it would leverage the colored coin protocol Open Assets, which works on the original Bitcoin blockchain. In June, Nasdaq partnered with San....
Overstock has confirmed that Nasdaq is not using its tØ blockchain platform to clear trades. Rumours suggesting that Nasdaq - which unveiled its own blockchain-based platform last week - was using the online retailer's blockchain platform to settle trades first surfaced on Reddit earlier today. However, a representative from Overstock told CoinDesk: "That thread is completely mistaken. NASDAQ is doing something similar to, but not using our platform." First announced in May, Nasdaq Linq will facilitate the transfers and sale of stock in private companies. The product is currently being....
Nasdaq has become one of the first multinational financial services companies to delve into non-currency usage of blockchain technology. On Monday, May 11, the company announced that it would begin to leverage the colored coin protocol Open Assets to "expand and enhance the equity management capabilities offered by its Nasdaq Private Market platform." According to Nasdaq CEO Bob Greifeld, the distributed ledger function of the blockchain will "modernize, streamline and secure typically cumbersome administrative functions, and will simplify the overwhelming challenges private companies face....
2015 ended with big news on the Bitcoin front. The Bitcoin company Chain used the Nasdaq Linq platform to “digitally represent” a record of ownership on a private blockchain. Nasdaq had announced its debut blockchain platform in May. In October, Nasdaq announced its initial private clients for its blockchain platform: Chain.com, ChangeTip, PeerNova, Synack, Tango and Vera. Nasdaq also unveiled its first-ever demonstration of blockchain technology at the Money 20/20 event in Las Vegas. “The first platform of its kind, Nasdaq Linq is a digital ledger technology that leverages a blockchain to....