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 of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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