Traditional Wall Street investors might want to consider putting their skepticism on Blockchain aside and pay special attention to how Blockchain technology can be used to revolutionize equities trading. Blockchain technology can be leveraged for ending the use of paper stock certificates and for speeding up transaction settlement times for stock trading.
In 2015, Nasdaq Inc. (NASDAQ:NDAQ) revealed that it had piloted the use of Blockchain technology for the issuance of the shares of a private company. You should note that NASDAQ is the second largest stock exchange in the world by market cap, after the NYSE. In a statement by Bod Greifeld, NASDAQ's CEO Through this initial application of blockchain technology, we begin a process that could revolutionize the core of capital markets infrastructure systems." NASDAQ also hopes to one-day leverage blockchain for stock issuance and trading for public companies.
Investors may not want to invest in Bitcoin, but it would be foolhardy to ignore the potential that Blockchain holds for facilitating stock trading. The cost of trading such as transaction fees will be greatly reduced to increase investor returns. Transactional times will also be reduced in order to even the playing field for retail traders and high frequency traders.
Thoughts?
Full article here
Submitted October 22, 2017 at 12:01PM by akstoak http://ift.tt/2yHSocA