Nasdaq Names Bitcoin Startup Chain as Partner for Blockchain Pilot Program
American stock exchange Nasdaq has named Chain as its official partner for its blockchain-based pilot program. Founded in 2014, Chain is a renowned Californian startup that assists institutions and enterprises in setting up customized blockchain infrastructure. In its short span, the platform has provided its services to a diverse range of sector, including payments, capital markets, telecom, banking, and energy markets. Blockchain, which is an underlying technology of the digital currency Bitcoin, enables these organizations to transfer and store information - money, assets, etc. - on a....
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Nasdaq has partnered with San Francisco-based bitcoin API startup Chain to implement the Bitcoin blockchain technology in its newly launched marketplace, Nasdaq Private Market. Previously reported by Bitcoin Magazine, Nasdaq announced its plans to implement Bitcoin's blokchain technology into its pilot test, where shares of private companies are handled and traded as smart assets on the blockchain. Unlike other decentralized asset trading platforms, Nasdaq plans to utilize the colored coin protocol Open Assets based on the Bitcoin blockchain instead of developing an alternative blockchain....
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....
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