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.
“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.”