ECONOMY

NASDAQ SOON ADOPTING BLOCKCHAIN-BASED ASSET MANAGEMENT

nasdaq

The increasing speed of Blockchain adoption is apparent in current patent filing from one of the greatest names in the world, Nasdaq. Based on the filing, Nasdaq plans to utilize the system to tape-record and manage the transfer of possession ownership in a safe method.

” The server computer system is set up to: record on the Blockchain, by sending several electronic messages to the dispersed Blockchain computer system, ownership info of particular groups of several systems of a property for each of a plurality of owners of the property. And to set up, for each of several of the plurality of owners, a digital wallet representing among the stated groups of several systems of the property, the digital wallet being connected with a personal cryptographic secret and a minimum of one Blockchain address produced based upon the personal cryptographic secret.”

Blockchain patents appear to be coming quickly and furious nowadays, specifically amongst banking and financing corporations. The sign is that the monetary neighborhood is seeing the power and effectiveness of Blockchain.

The filing follows a previous wave of filings from the Nasdaq, all associated to monetary deals and control. The business continues to advance in the nascent innovation field.

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