Blockchain Makes Inroads Into the Stock Market’s $1 Trillion Plumbing System
(Source: wsj.com)

clicks | 10 days ago | Google AI sentiment 0.10 | comments: discuss | tags: cryptocurrency bitcoin


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(Original link: wsj.com)

Paxos, a blockchain startup, hopes to construct a faster and cheaper way to process stock trades Technology from the bitcoin world is coming to the trillion-dollar plumbing that underpins the U.S. stock market.
Last week, the Securities and Exchange Commission gave the green light to a pilot project in which blockchain—the technology behind cryptocurrencies—will be used to settle trades in stocks like General Electric Co. and AT&T Inc. Paxos, the blockchain startup leading the project, hopes to construct a faster and cheaper way to process stock trades, ultimately reducing costs for Wall Street banks and investors......