ScotEx, the upcoming Blockchain Powered Scottish Stock Exchange
Scotland may soon get ScotEx, the blockchain powered stock exchange next year. It will be the first independent exchange in the country since 1973. The Scots have always been receptive towards cryptocurrencies. There have been numerous proposals to implement digital currencies once the country separates itself from the United Kingdom. While the first Scottish Referendum failed to garner enough support for independence, many are still open to the idea of an independent Scotland. Sticking to their loyalty to cryptocurrency technology, the country is keeping up with the changing fintech....
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Known for its kilts and bagpipes, golf courses and quality whiskey, Scotland is a country full of traditions. It is also rapidly emerging as a burgeoning hotbed for blockchain technology, known for its disruptive potential in creating innovative solutions for the world of business and commerce. In recent months, robust activity on the part of Scotland’s blockchain community has ignited a flurry of activity and a bright outlook. In fact, the pace of advancement is moving along at a fast clip, delivering meaningful use cases and promising business solutions to the cause. SCOTEX, the....
The Salt Lake City-based online retailer Overstock is working on a revolutionary new development: a new independent stock exchange dubbed Medici, powered by Bitcoin technology. The new stock exchange could sidestep traditional stock exchanges such as NYSE and NASDAQ and issue corporate stock directly over the Internet. In a prospectus filed with the Securities and Exchange Commission on April 24, Overstock indicated that it may issue up to $500 million in stock or other securities through an alternative trading system built upon blockchain technology that powers bitcoin. Overstock's CEO....
Dr. Craig Dalzell recently authored a discussion paper titled ‘Scottish currency options post Brexit’. This paper was written for a Scottish Think Tank called Common Weal. In the paper Dr. Dalzell discusses the ramifications of a possible Scottish currency after Brexit. There have been calls for another Scottish referendum seeking independence from the United Kingdom, after the UK in its own referendum voted to leave the European Union. Just after the results of the Brexit referendum were made known, Scotland’s First Minister Nicola Sturgeon announced her intention of holding a second....
The Australian Stock Exchange (ASX) Limited has announced that it is building a blockchain as a replacement for its current platform for clearing and settlement of trades. In an announcement today by Australia’s biggest stock exchange, the ASX has confirmed that it is developing a private blockchain with US-based firm Digital Asset as a post-trade solution for the Australian equity market. The announcement also revealed that the ASX paid AUD $14.9 million for a 5% equity interest in Digital Asset Holdings (DAH), a fee that will also fund an initial phase of development of the private....
Although Scotland has yet to vote whether or not to secede from the United Kingdom, pundits have already begun debating how an independent Scotland should structure its society - specifically its monetary policy. Theorists have noted that, if the Scots vote "yes" on the independence referendum, Scotland could prove a perfect testing ground for large-scale bitcoin implementation. Naysayers argue that free banking systems are unsustainable, pointing to the so-called "free banking" era in 18th and 19th century Scotland. Consequently, if Scotland's independence vote passes and bitcoin becomes....