Nasdaq: More Block Chain, Please
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....
Related News
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....
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....
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....
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....
Bitcoin was designed to be a decentralized and trustless payment network - with the power to do this provided by the block chain and its ability to publicly confirm the digital currency's digital transactions. Rather contentiously, however, as the bitcoin economy expands, more and more transactions are being carried out off the block chain. Such transactions are tracked on private databases instead of the block chain, and cannot be publicly tracked. There are pros and cons to both systems. So, which are better? Off-block chain or on-block chain transactions? Visible payments. Legitimate....