Nasdaq CEO Hints at New Blockchain Projects
Nasdaq CEO Bob Greifeld has suggested that the US-based stock market plans to roll out additional blockchain projects "in the future". The comments are the latest from the firm, which announced plans to trial blockchain technology as part of its Nasdaq Private Market service in May. Nasdaq revealed in June that it had established a formal relationship with blockchain services provider Chain. Greifeld's most recent statement was made in a conference call in which he hinted at the stock exchanges's strategy toward the technology, according to Bloomberg. Greifeld said: "The application of....
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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....
2015 has seen no shortage of major financial institutions jumping onboard the blockchain bandwagon - in the last two months alone, more than 22 banks have announced pilot projects focused on the emerging technology. One of the earliest and most vocal financial institutions in the fray, however, was US stock exchange Nasdaq, which revealed in May it had been working for a year to harness bitcoin's distributed ledger for private stock sales. Whether the bitcoin blockchain will emerge as the one ledger to rule them all, a predecessor to more refined, enterprise-grade technologies or one....
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....
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....
Exchange operator Nasdaq has released its conclusions about a blockchain e-voting trial it conducted in Estonia last year. A new Nasdaq report, published today, details the project, which it unveiled in February 2016. At the time, the company's officials said they hoped to reduce both the complexity and cost of organizing shareholder votes as part of a bid to boost overall participation. Overall, it concluded: "This model successfully demonstrated how a blockchain could be used for something other than transaction settlement." Nasdaq leveraged information from Estonia’s....