The world’s stock exchange to use so-called distributed ledger technology (DLT) in securities transactions July 10.
The Shanghai Stock Exchange (SSE), which as of December 2017 had a market cap in excess of $5 tln, said in a report that “most people” consider that can “help improve the transparency of the securities industry.”
“Part of the market is now starting to adopt this technology in part, and larger-scale industry applications will do so after a few years,” the institution wrote in introductory remarks.
While ban on innovations such as Initial Coin Offerings () and free trading continue, authorities have made increasingly concerted efforts to corner blockchain development this year.
Official ratings of both cryptoassets and blockchain projects were released in and , while for the technology’s implementation should appear in 2019.
Securities trading meanwhile is firmly within the sights of international players, this week revealing a to investigate how blockchain could update its own securities handling.
Published at Thu, 12 Jul 2018 21:05:00 +0000
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