Exchanges

List Of Stock Exchanges Implemented Blockchain Technology.

Blockchain born with the intention of record-keeping, yes, Bitcoin uses Blockchain for the first time for keeping transactions record safely and decentrally in front of the world.

After that Blockchains several usage benefits covered by several publications and experts.

That means Blockchain will disrupt many industries coming years.

The financial industry is one of them.

On this technology era, the financial sector needs a faster and secure system to manage operations and blockchain already have all those.

Mainly, blockchains pseudonymous and decentralized nature could help to end identity frauds and introduce faster payments than centralized systems.

That’s why major banks are rapidly boosting their exposure to the blockchain.

Also, Stock exchanges all around the world are now exploring how best they can leverage this technology, invariably as a way to improve costs and efficiency and to lower risks and tighten security.

In this post, we’re looking at some stock exchanges utilizing blockchain technology for their better performance.

NASDAQ.

Nasdaq is an American stock exchange. It is the second-largest stock exchange in the world by market capitalization.

Over the years, Nasdaq has pioneered revolutionary advanced technologies for the financial market.

That’s why in June 2015 they entered the partnership with Chain (Leading cloud blockchain infrastructure company), to leverage the blockchain platform and to facilitate the secure issuance and transfer of shares of privately held companies.

And Nasdaq demonstrated its blockchain technology Nasdaq Linq at the Money 20/20 event in October and even unveiled a list of its private company clients, which included names like Chain.com, ChangeTip, PeerNova, Synack, Tango and Vera.

In 2017 May, Nasdaq and Citi announced an integrated payment solution using a distributed ledger to record and transmit payment instructions based on Chain’s blockchain technology.

These are the implementation of blockchain within the Nasdaq. Also, Nasdaq helps other exchanges to implement blockchain for better performance.

Korea Exchange.

Image Taken From Wikipedia

Korea Exchange (KRX) is a soul security exchange operator in South Korea. Its headquartered in Busan.

In 2016 November, they launched the KSM (Korea Startup Market) service that provides a marketplace where the equity shares of startup companies can trade in the open market.

Blocko Inc, a blockchain startup in Korea participated in the project and implemented its blockchain technology Coinstack for document and identity authentication.

Basically, Coinstack is serviced in two ways, Cloud and On-premise, and supports all types of applications and protocols available via the Bitcoin blockchain.

Furthermore, Coinstack is a development platform that supports both blockchain-based contracts and Ethereum-based smart contracts, enabling companies to easily apply blockchain-based functions to its services.

Also, Blocko provides a Coinstack platform to Korea’s JB Bank, Lottecard, KISA, Paygate, and others.

Now Korea Exchange uses Coinstack for better performance of KSM.

Moscow Exchange Group.

Moscow Exchange Group is the largest exchange group in Russia.

National Settlement Depository (NSD) member of Moscow Exchange Group has developed and successfully conducted an e-proxy voting system running on a Blockchain for their bondholders.

The NSD has developed the e-voting system in partnership with DSX Technologies, a distributed ledger technology company based in the U.K.

E-proxy technology was introduced at NSD in August 2014. In April 2015, NSD upgraded the technology and brought it in line with global ISO standards. In April 2016, a blockchain-based prototype of e-proxy voting was successfully tested for bondholder meetings.

Luxembourg Stock Exchange (LuxSE).

LuxSE is located in Luxembourg City and started its operation in 1928.

They allow their issuer or representatives, to file documents containing regulated information via an Officially Appointed Mechanism (OAM).

These documents are centrally archived and accessible to the general public on the LuxSE website.

In 2016 they allowed issuers to utilize Ethereum’s blockchain technology to provide digital signatures for documents, ensuring authenticity and proof of existence for documents filed in the OAM.

This functionality is available with no extra fee.

Santiago Exchange (SSE).

Image Taken from Wikipedia

SSE located in Santiago Chile is the third-largest stock exchange in Latin America.

In 2018 SSE launched an innovative and world-class fintech application using Blockchain for its securities lending system, thus, they become the first Exchange in Latin America to use such technology in operations.

This world-class application was developed by Exchange and IBM and it is based on the Linux Foundation’s Hyperledger Fabric open-source solution.

This new platform helps them to significantly reduce the time and costs of the management processes associated with the securities lending of shares.

These are some stock exchanges already utilizing blockchain, below stock exchange is a little bit different because they allowed crypto trading!.

Börse Stuttgart.

Börse Stuttgart (SWB) is a Germany Stock exchange, the second largest in the country and the ninth-largest in Europe.

They launched the crypto trading app Bison on Jan 31st, 2019.

This app was developed by FinTech Sowa Labs — a subsidiary of Boerse Stuttgart Digital Ventures, one good thing about this app is, it provides free-of-charge trading in Bitcoin(BTC), Etherium(ETH), Litecoin(LTC) and Ripple(XRP).

The limitation of this app is, it is still available for use in Germany only, and its services work from 6:00 a.m. to 12:00 a.m.

However, the stock exchange promise that they will extend trading to 24 hours a day. Also, open access for residents of other European countries will be added by late 2019, while support for more cryptocurrencies is also planned in the future.

Börse Stuttgart has also partnered with an external banking partner, SolarisBank, which will process euro payments and provide fiat custodial services, the press release notes.

Conclusion.

Above are some stock exchanges already implemented Blockchain technology.

But that doesn’t mean those are only a few exchanges interested in a blockchain many stock exchanges working to implement the technology.

Some of Those are Listed Below.

New York Stock Exchange (NYSE).

NYSE American stock exchange is the world largest stock exchange by market capitalization.

They working on the most anticipated bitcoin futures trading and custody platform called Bakkt.

Recently Bakkt completed a $182.5 million funding round and announced key vacancies at the firm, mostly for senior developer positions.

Japan Exchange Group (JPX).

JPX and IBM (International Business Machine Corporation) are working towards testing the potential of blockchain technology for use in trading in low transaction markets.

Deutsche Börse Group.

The German exchange is working on several prototypes related to blockchain technology and DLT.

And making substantial investments in the development and introduction of ‘state-of-the-art’ blockchain services.

TMX Group.

TMX Group, Payments Canada and Bank of Canada successfully tested that blockchain technology is a feasible method of conducting securities settlements.

London Stock Exchange.

They are involved in ways to improve the post-trade space using blockchain technology.

National Stock Exchange (NSE).

First demutualized electronic stock exchange in India.

NSE conducted a blockchain trial involving the country’s leading banks on a know-your-customer (KYC) data trial, testing blockchain technology.

Ok, these are all the exchanges implemented and interested in Blockchain technology.

Now tell me which exchange you’re already using in the comments.

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