Too Early to Detect Trustworthiness of NASDAQ Blockchain Technology

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Nasdaq unveiled a demonstration of its blockchain technology called Nasdaq Linq at the Money 20/20 event in Las Vegas. The digital ledger is the first of its kind, and has the capabilities to leverage a blockchain to facilitate the issuance, and catalog and record transfers of shares of privately-held companies on The NASDAQ Private Market.

Cornell University computer science professor Emin Gun Sirer is a world-renowned expert on cryptocurrency and Bitcoin and his research spans operating systems, networking and distributed systems. He says it’s too early to tell if this is simply a cosmetic effort, or a genuine restructuring of the market infrastructure.

Sirer said:

“It’s great to see Wall Street realize the advantages blockchains offer, such as transparency and auditability for all.

“Time will tell whether these early efforts are just a cosmetic effort to attach a blockchain veneer to existing systems, or if they point to a genuine restructuring of the market infrastructure to make them genuinely more trustworthy.”

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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