Friday, February 05, 2016

Blockchain Gains Traction in Banking and Finance



An opinion piece in TechCrunch Online has some interesting things to say about the uptake of blockchain technology in the finance sector. The article relates how both the NASDAQ in the US and the Australian Stock Exchange, along with many other financial institutions, are looking to employ the technology as a way to provide shared infrastructure which allows transactions, that can now can take days to finalise, to instead be settled instantly and transparently. Blockchain is the technology underlying Bitcoin. (Source)