To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads. Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Bitcoin stock nasdaq dow and your other apps and devices. An average Openfolio member had this return today.
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Terms under which this service is provided to you. The Nasdaq stock exchange is tapping Bitcoin’s powerful new transaction technology to create a more secure, efficient system to trade stocks. But what gets less attention is blockchain, the technology that powers the Bitcoin system.
It’s a computer program that automatically processes transactions and creates a perfect, reliable digital record. High-tech bankers are starting to realize this could revolutionize trading. On Monday, the stock market announced it will start using a blockchain system to keep records for its Nasdaq Private Market, which handles trading of shares in the pre-IPO phase before a company goes public. Nasdaq sees the blockchain’s perfect recordkeeping as a major step in the right direction for more transparency.
The pre-IPO market doesn’t typically see as much trading and what does occur is often by a tight circle of employees and early investors. Blockchain technology will provide extensive integrity, audit ability, governance and transfer of ownership capabilities,” Nasdaq said in its public announcement. This doesn’t mean Nasdaq is using actual Bitcoins as currency. But Nasdaq will be interacting with the Bitcoin system to slip data into the blockchain. By using Bitcoin’s core technology, this is a major acknowledgment of Bitcoin’s contribution to finance and trade. This is the first time the world has seen a trading system that doesn’t require a trusted middleman. It sounds boring, but in the banking world, it’s revolutionary.
It seems odd to equate Bitcoin with better security. The world’s first true big digital currency is generally known for two things. One, its popularity in online black markets. Two, the epic fall of Mt. But these have nothing to do with the digital currency itself. Bitcoin’s perfect recordkeeping actually helped convict a black market kingpin. And computer security experts say Bitcoin’s technology actually makes it more secure than any other money transfer system.