Security Settles on Ethereum in Blockchain Post-Trade First

Discussion in 'Crypto Assets' started by DaveP648, Mar 17, 2018.

  1. DaveP648

    DaveP648

    Coindesk is reporting a first-of-a-kind Ethereum transaction on blockchain.

    https://www.coindesk.com/security-settles-ethereum-first-kind-blockchain-transaction/

    I think it was a necessary experiment, even though it is really clear that a security will settle first using blockchain technology in the after market. Additionally, the test was run over a decentralized blockchain, but the whole set-up of the different parts of the system made it very centralized and excludes third parties entering the system. But all in all it was a experiment well done, showing the future potential of blockchain technology.

    It illustrates the vision of ChainBLX to scale such transactions to create a completely decentralized economy, which will include trading of digitalized stocks, fiat currencies, cryptocurrencies, options directly with each other, without the additional step of going through the traditional banking system.
     
  2. eesnz

    eesnz