Nasdaq Blockchain Chief: Bitcoin's Currency and Ledger are 'Two Innovations'
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....
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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....
Earlier this year, Nasdaq joined a clutch of companies seeking to adapt Blockchain for mainstream finance, stating it would leverage blockchain technology as part of an enterprise-wide initiative. Now Nasdaq reveals it is signing a partnering with the infrastructure provider Chain to use blockchain, the ledger behind the bitcoin digital currency. The stock market operator is partnering with infrastructure provider Chain to use Blockchain to issue and transfer the shares of privately held companies. Blockchain is the ledger that drives the Bitcoin digital currency. Chief Executive Officer....
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....
It is no secret that Nasdaq is keeping a close eye on the evolution of blockchain technology. The value of this innovative technology extends far beyond the financial realm, although most of the innovations over the next few years will take place in this sector. But Nasdaq isn’t an entity to come up with a half-devised plan, and they are preparing to....
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