Why Wall Street Must Consider the "ROI of Blockchain"
By all accounts, Wall Street is in the midst of a massive shift. Amid global market uncertainty, onerous regulations and a cautious investment climate on the heels of the Trump election, a new technological innovation is rapid emerging. Known as blockchain technology, this distributed ledger advancement promises to create a leaner, more efficient and....
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The company featured in the bestselling book "Flash Boys: A Wall Street Revolt" reportedly plans to use the blockchain to build a more transparent gold exchange. Startup TradeWind Markets, which recently spun off from The Investor's Exchange (IEX), is said to be preparing to launch the exchange in the coming months, according to Reuters. The firm aims to tap blockchain to increase the transparency of the gold exchange process, including the clearing and settling of trades. With the news, TradeWind Markets joins companies such as Netagio, itBit and Euroclear as the latest to....
It’s been referred to as a "revolutionary technology" by IBM, and a "once in a generation opportunity" by PricewaterhouseCoopers. But perhaps the most descriptive title came from The Economist when they dubbed blockchain "the trust machine". It is a breakthrough in computer science that holds the promise of reducing the cost of establishing and maintaining trust for both individuals and organizations. "Blockchain" is a relatively new term that refers to a specific type of computer database. The Oxford English Dictionary defines blockchain as "a....
Browser software startup Brave has some bitcoin it would like to give to The Wall Street Journal. The controversial browser that blocks third-party ads, also gives users the ability to offset lost ad revenue in the form of bitcoin micropayments reconciled at the end of each month. The first of these reconciliation cycles ended last week and Brave has now published a step-by-step process explaining how website owners can claim their bitcoin. "The Wall Street Journal is number one," Brave co-founder Brenden Eich during a conversation with CoinDesk earlier this week. Eich added:....
The father and son authors of the new book "Blockchain Revolution" took to the stage this morning where Nasdaq opens and closes its market to discuss their latest work. Kicking off a panel discussion with several industry leaders, Don Tapscott and Alex Tapscott took turns discussing how the management structure of some of those very same companies could be disrupted by distributed ledger technologies like blockchain. The elder Tapscott set the stage for the conversation with a point-by-point explanation of why he believes blockchains can do to the management structure of....
Sometimes called the "Pariah of Wall Street", Overstock CEO Patrick Byrne has spent decades fighting against a suspect practice known as "naked short selling". Naked short selling, or a naked short, occurs when a trader sells a share of stock without first procuring a "borrow" – an assurance that the shares are available to be delivered. This can lead to more shares being shorted than can actually be delivered to the buyers. Banks could leave these unsecured shares short, as record systems are opaque, and despite risking severe penalties, the banks are not....