Wall Street Gets One Step Closer To Embracing Blockchain
Blockchain technology company, Factom, which builds interfaces that plug into existing systems and enable interaction, has collaborated with financial data feed company, Intrinio to put Wall Street on the Factom blockchain. Building reliable financial applications. The collaboration is said to enable data for the 3,000 most valuable US stocks to be published into the Factom blockchain every 15 minutes. Factom claims, following this development, to have moved ahead of the majority of establishments within the blockchain industry. This claim is backed by the fact that it uses real data that....
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Wall Street has been embracing the latest wave of Silicon Valley financial tech at a fast rate. Over the past several months, many Wall Street Financial companies have embraced the new wave fintech enterprises with remarkable speed. The blockchain an online ledger that tracks the movement of digital currency, but it can also be used to manage, register and secure anything else that has value. Wall Street companies seem to have seen the true potential of the blockchain technology and many are now rushing to invest and develop new applications with this new technology. Jamie Dimon, JP Morgan....
Seven Wall Street firms including four global banks have announced the successful testing of blockchain technology used for credit default swaps’ trading process in post-trade lifecycle events, a market wherein outstanding contracts amount to in the trillions of dollars. In a new initiative that further underlines the financial industry’s determined foray into embracing blockchain technology, seven Wall Street firms have announced the successful test of blockchain technology used for credit default swaps (CDS). Credit-default swaps are fundamentally insurance contracts which are paid off....
Wall Street has been keeping a close eye on the evolution of distributed ledger technology in recent years. The Wall Street Blockchain Alliance, launched in 2015, announced a certification program. The primary goal is attracting Distributed Ledger Technology developers. Education is an important aspect of blockchain technology. While the possibilities of....
Wall Street Chads is the first NFT project to create a decentralized community-run investment platform. Inspired by WallStreetBets, the infamous subreddit community which is credited for the meme-investing craze and coordinating one of the largest short squeezes in history, Wall Street Chads leverages the power of the blockchain to bring the same community-driven investment strategies […]
In a recent article published on Bloomberg, former Wall Street executive Blythe Masters explains that she is particularly interested in the blockchain, the shared technology behind everyone's favorite cryptocurrency bitcoin. In the article, Masters explains that the blockchain has "a pretty long list of positive attributes," and that it could potentially bring a whole new level of security to both Wall Street and other financial institutions. This is nothing that cryptocurrency fans haven't heard before. Companies such as computer giant IBM have long endorsed the blockchain, saying that it....