THELOGICALINDIAN - Nasdaq the worlds secondlargest banal barter in the apple has activated its Nasdaq Linq blockchain balance technology to achieve a clandestine balance transaction of accustomed blockchain software developer and basement provider Chaincom
We accept this acknowledged transaction marks a above beforehand in the all-around banking area and represents a seminal moment in the appliance of blockchain technology,” announced Nasdaq CEO Bob Greifeld..
“Through this antecedent appliance of blockchain technology, we activate a action that could accommodate the amount of basic markets basement systems. The implications for adjustment and anachronous authoritative functions are profound.”
According to Nasdaq, the Proof of Concept and blockchain arrangement acclimated by Chain.com decidedly bargain adjustment time and costs for cardboard banal certificates. Because of the greater akin of accuracy of the blockchain technology, investors and issuers are enabled to clue and appearance official abstracts online, with ease.
The action of the transaction and asset adjustment implemented by Nasdaq’s Linq technology is absolutely automated, eliminating the charge for third affair applications and mediators to baffle with the network’s transactions.
“No agnosticism this is a able anniversary for Chain and our affiliation with Nasdaq,” said Adam Ludwin, CEO, Chain.com. “We couldn’t be happier with the after-effects of the transaction. It was seamless and met our cold of acutely bargain chiral buying transfer.”
Nasdaq plan to analysis the technology for proxy voting in Estonia after this year and are alive to advance an enterprise-wide blockchain-based applications for banks, banking institutions and government agencies.
Although Nasdaq claims to be the “first-ever” alignment to affair clandestine balance accurate with the blockchain technology, above JPMorgan Executive Blythe Masters’ blockchain startup Digital Asset Holdings issued convertible notes appliance its blockchain-based software to advice online and adaptable gaming appliance defended advance from adventure basic firms and angel investors.
“Digital Asset is appreciative to accept provided the technology to admittance Pivit and its investors to booty advantage of the efficiency, acceleration and aegis of arising of a clandestine aegis on the blockchain,” said Blythe Masters, CEO of Digital Asset. “The arising is an important anniversary in demonstrating the abeyant of blockchain technology.”
From accustomed accumulation of investors including video bold programmer Igor Tulchinsky, able poker amateur Erik Seidel, REDI Global technologies administrator Howard Edelstein and WorldQuant Ventures, Pivit completed a multi-million dollar allotment annular on the blockchain network.
Overstock CEO Patrick Byrne’s blockchain adventure t0 additionally activated a cryptographically-protected Bitcoin blockchain arrangement to advice companies and organizations to access loans and affair shares with a greater akin of transparency.
Earlier in December, the Securities and Exchange Commission of the United States approved Overstock to affair its comapny banal on t0.com and their affairs to use the blockchain technology to affair clandestine bonds.
Byrne again told Active Magazine in an absolute account that he believes the blockchain technology “can do for the basic bazaar what the Internet has done for consumers.”
