CNN Money
The Nasdaq stock exchange is tapping Bitcoin’s powerful new transaction technology to create a more secure, efficient system to trade stocks.
Most people have heard of Bitcoin (XBT) as a system of electronic money — one that hasn’t really caught on yet.
But what gets less attention is blockchain, the technology that powers the Bitcoin system. It’s a computer program that automatically processes transactions and creates a perfect, reliable digital record.
High-tech bankers are starting to realize this could revolutionize trading. Nasdaq (NDAQ), a favorite exchange among many technology companies, is making the first move.
Comment by Rose Law Group Partner Ryan Hurley: “The underlying bitcoin software protocol will change the world. It enables any transaction to occur without a trusted third-party middleman. It is only a matter of time before this technology is used to record real estate transactions, for voting, for wagers, etc.”
