2018-8-3 01:20 |
South Korea’s financial watchdog is advocating for a blockchain-based stock trading system.
The usage of blockchain in stock trading is already well established, with the Australian Securities Exchange (ASX) first trialing distributed ledger tech for its settlement and clearing system, called CHESS, in 2016.
Likewise, U.S. stock market Nasdaq unveiled a blockchain-based private securities platform in 2017, and the London Stock Exchange experimented with using the blockchain to replace paper trading certificates later that year.
The Japan Exchange Group (JPX) also founded a consortium to explore blockchain applications to capital markets infrastructure in 2017.
“There should be no barrier between public institutions and private companies in developing a blockchain system,” the FSS was quoted as saying.
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