BLOCKCHAIN: Nasdaq has signed a deal with Six Swiss Exchange, the operator of Switzerland's primary stock exchange to integrate BLOCKCHAIN into its Over-The-Counter (OTC) product services.
BLOCKCHAIN - TRADING, BANKING & FINANCE
Credit: coindesk
As an advocate of Blockchain Technology and the much need application to the Global Financial Markets and Banking Infrastructure, I am constantly on the lookout for great articles to share.
Earlier I came across this short article that I thought I would share with you.
This is a great article and credit to Coindesk for the content of the article.
https://www.coindesk.com/nasdaq-inks-blockchain-trading-deal-swiss-stock-exchange/
Credit: coindesk
Credit: coindesk
Once again this is a great piece and credit to Coindesk for the content of the article.
For the ones unfamiliar with Six Swiss Exchange this is an interesting publication from last year titled: "Blockchain won’t wreck the financial industry.”
https://www.six-group.com/dam/about/downloads/publications/red/2016/red-20160902-en.pdf
The application of Blockchain Technology to an antiquated and archaic Global Banking & Finance System will unlock much needed liquidity that is starving Global Trade & Finance.
Something I have been banging on now for over four years and which is now reaching critical levels.
It is this starvation of liquidity that has the potential to bring the Global Banking and Finance to its knees unless the adoption is made without delay.
Will Blockchain Technology reshape Global Banking, Finance and Trade?
Absolutely, 100%, without any shadow of doubt.
Thanks for reading.
Stephen
Excellent observations @stephenkendal.
They are being forced to the table, and they won't be able to rort the system any longer. Blockchain will provide full transparency.
Shared on twitter. Stephen
Shared on LinkedIn. Stephen
Maybe a better option to trade
Thats awesome... so what this points to is not having to deal with all these corrupt exchanges failing and using my fidelity account to trade alts.
Perfect. Im looking forward to this
This. I've seen bank kiosks that were still running Win POS based of Win XP and thought that was crazy old. Then, on a flight, I sat next to a guy who did troubleshooting for a couple car rental companies. He told me one was still using software built in the 1970s.
The Global Banking & Finance System is only one of the places where blockchain tech can be transformational.
Glad to hear that its getting better and better day by day
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STOPAs far as i know Nasdaq is the leader in the world of exchanges globally am i right ?