The SEC’s approval lets Nasdaq test blockchain-based versions of stocks that trade and settle like traditional shares.

The SEC’s approval lets Nasdaq test blockchain-based versions of stocks that trade and settle like traditional shares.

  • trolololol@lemmy.worldEnglish
    3·
    23 hours ago

    So what I got is that the pre existing stocks will be split behind the scenes into stocks that are settled by a clearing house as usual, and settled by the same clearing house with blockchain.

    I’m just confused, if you have one authority, a single one, responsible for settlement, then a database is enough. And a blockchain with one node that writes and many that read, is ridiculous.