“Nikkei Asian Review”: a number of stock exchanges for block-chain experiments


nnnAt present, a number of global stock exchanges have begun to use the block chain technology to experiment, with a view to seize the opportunities in the development of technology to optimize their operations, to provide better customer service and maintain their competitive advantage. Although this attempt will still encounter some resistance, but indeed in the continuous development, is expected to achieve a breakthrough.n
nnTranslated by: Inan
nWorldwide stock exchanges are increasingly using chain chains to maintain a competitive advantage and focus on emerging technologies that change the infrastructure of the financial sector.n
nThe distributed books of the chain can share and record information through personal devices in the network while ensuring that there are no discrepancies in the transaction. The technology is more secure against network attacks and is more cost-effective than the stock exchange, which is managed centrally.n
nThe Nasdaq market in the United States has recently invested in Stratumn, a French chain-based start-up company that developed validation technology and set up a stock exchange for unlisted block chains in 2015. According to Ulf Carlsson, general manager of Nasdaq North Asia and Japan, Nasdaq will accelerate its technology development through joint research with emerging companies.n
nAt the same time, the Australian Securities Exchange is considering applying the block chain to the next generation clearing and settlement system. It will make a decision by the end of this year.n
nJapan Exchange Group (Japan Exchange Group) set up a laboratory, with block-chain technology for stock issuance, trade and settlement experiments. By the end of March, the number of companies participating in the project has increased from 23 to 32. The laboratory will work with relevant agencies such as the Japan Securities Clearing Corporation to optimize the Group’s internal operations.n
nIn the current financial sector, all transactions that exchange securities and change ownership are managed and verified by a centralized organization, which is time consuming. If you use the block chain technology to deal with these businesses, you can reduce system construction costs, shorten the settlement time for investors to save a lot of money.n
nThe fact that the stock exchange has improved its competitiveness through international reorganization has been politically resistant. Carsten Kengeter, chief executive of the Deutsche Börse, said at a meeting in June that the exchange would be a small takeover in the financial technology industry, and its previous merger with the London Stock Exchange would be broken by opposition from the European Union.n
nThe birth of financing that does not require the exchange (such as co-financing and the issuance of virtual currency) is one of the reasons why they are eager to develop new technologies. New participants who provide these new services have attracted customers with the advantages of low cost and speed. “We need to provide useful services by learning and optimizing our own systems to the emerging companies,” said Saitou Dunshi, head of the Financial Technology Laboratory at the Japan Exchange Group.n

Leave a Reply

Your email address will not be published. Required fields are marked *