“In its highest-profile application yet, Bitcoin’s public transaction record will help startups keep track of shares and shareholders .(…) It’s much too early to tell whether Bitcoin is the future of money, but a recently launched Nasdaq experiment will test whether it can be the future of financial record keeping.
The stock exchange announced recently that it has begun experimenting with the blockchain (…) Nasdaq will take advantage of a feature in Bitcoin’s design that allows additional data to be recorded on the blockchain along with information about a Bitcoin transaction (…) keeping while making it cheaper and more accurate. (…)
“There’s really no great system in place to ensure that this is done accurately along the way and is auditable to the beginning of time,” says Brad Peterson, Nasdaq’s chief information officer.
(…) The beauty of storing high-value information in the blockchain, says Chain’s founder Adam Ludwin, is that it does not require that people trust any single entity, like a company that may go out of business or change hands, with the task of accurately recording this information. The blockchain, he says, is an “immutable record that everyone can see and agree with.” read full article