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Too Early to Detect Trustworthiness of NASDAQ Blockchain Technology

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.”

Richard Kasteleinhttps://www.the-blockchain.com
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, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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